Arrowgrass Capital Partners LP Continues to Hold Stake in Deutsche Bank Ag (Put) (DB)

Deutsche Bank Aktiengesellschaft (NYSE:DB) Logo

Arrowgrass Capital Partners Lp increased its stake in Deutsche Bank Ag (Put) (DB) by 52.17% based on its latest 2019Q2 regulatory filing with the SEC. Arrowgrass Capital Partners Lp bought 1.20 million shares as the company’s stock declined 4.17% . The hedge fund held 3.50M shares of the major banks company at the end of 2019Q2, valued at $23.46 million, up from 2.30 million at the end of the previous reported quarter. Arrowgrass Capital Partners Lp who had been investing in Deutsche Bank Ag (Put) for a number of months, seems to be bullish on the $17.13B market cap company. The stock increased 1.56% or $0.13 during the last trading session, reaching $8.45. About 6.90 million shares traded or 5.32% up from the average. Deutsche Bank Aktiengesellschaft (NYSE:DB) has declined 38.94% since September 13, 2018 and is downtrending. It has underperformed by 38.94% the S&P500.

Arrowgrass Capital Partners Lp, which manages about $14.76 billion and $4.22B US Long portfolio, decreased its stake in Bristol Myers Squibb Co (NYSE:BMY) by 398,805 shares to 33,695 shares, valued at $1.53M in 2019Q2, according to the filing. It also reduced its holding in Bristol Myers Squibb Co (Call) (NYSE:BMY) by 232,500 shares in the quarter, leaving it with 200,000 shares, and cut its stake in Costco Whsl Corp New (Put) (NASDAQ:COST).

More notable recent Deutsche Bank Aktiengesellschaft (NYSE:DB) news were published by: Seekingalpha.com which released: “Deutsche Bank, UBS explored European banking alliance – WSJ – Seeking Alpha” on August 26, 2019, also Seekingalpha.com with their article: “Deutsche Bank -3.5% as restructuring costs bite – Seeking Alpha” published on July 24, 2019, Seekingalpha.com published: “Deutsche Bank: The (Liquidity) Writing Is (Not) On The Wall – Seeking Alpha” on July 29, 2019. More interesting news about Deutsche Bank Aktiengesellschaft (NYSE:DB) were released by: Seekingalpha.com and their article: “Major overhauls at Deutsche, Goldman – Seeking Alpha” published on June 17, 2019 as well as Finance.Yahoo.com‘s news article titled: “Consider Selling Shares of These 3 Underperforming Stocks – Yahoo Finance” with publication date: August 23, 2019.

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