Fund shop Diamond Hill Investors has become the first company to voluntarily opt out of the SEC's list of firms for which short selling is banned. According to a statement
on the NASDAQ's website, the Columbus, Ohio-based investment manager will not be subject to the restrictions of the SEC's Emergency Order issued last week.
Diamond Hill is certainly bucking the trend as 96 companies had their names added to the NASDAQ's short selling ban today. (The initial list included 799 financial firms.)
A spokesman for Diamond Hill declined to comment on the reasoning behind the decision.
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