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Traders were told of Hamas attack on Israel in advance and 'profited from tragic events', researchers claim

  • US law professors Robert Jackson Jr and Joshua Mitts found significant short-selling of shares leading up to the massacre, suggesting traders profited from the tragic events.
  • Short-Selling on the MSCI Israel Exchange Traded Fund spiked before the attack, and short selling of Israeli securities on the Tel Aviv Stock Exchange increased dramatically.
  • The value of the MSCI Israel ETF dropped by 6.1% on 11 October and later fell by 17.5% over the following 20 days. Israeli authorities are investigating claims of insider trading.
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Reuters broke the news in United Kingdom on Monday, December 4, 2023.
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