S&P 500 may face selling pressure as systematic funds reach full exposure
DUBLIN - BlackRock (NYSE:BLK), Inc. has increased its short position in Dalata Hotel Group plc (ISE:DHG), according to a regulatory filing published Wednesday.
The investment management firm now holds a short position of 1,197,048 shares, representing 0.56% of Dalata’s issued share capital, after adding 483 shares at €6.41 per share on June 24. The transaction was disclosed in a Form 8.3 filing with the Irish Takeover Panel.
BlackRock also maintains a long position of 5,115,655 shares, equivalent to 2.41% of Dalata’s outstanding shares, according to the disclosure.
The filing comes as part of regulatory requirements under Rule 8.3 of the Irish Takeover Panel Act, which mandates disclosure of positions representing 1% or more of a company’s relevant securities during takeover situations.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio spanning Ireland and the United Kingdom (TADAWUL:4280).
The disclosure, made through a Regulatory Information Service, provides transparency regarding BlackRock’s current investment position in Dalata amid potential takeover activity involving the hotel group.
The information was reported in a regulatory news service announcement based on a press release statement from BlackRock.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.