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Institutional investor and hedge funds aren't the same thing. It's my understanding that the shorts were put on by hedge funds.

As far as I know institutional investors can't short stocks.

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Institutional investors are pretty much anyone who manages money on behalf of someone else. I don’t know how the restrictions work but likely has something to do with what the institution’s purpose is.

Institutional investor has become the term to refer to the opposite of retail investors.

I don't see that changing.

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