Some Investors May Have Had Advance Knowledge of Hamas Attack and Raked in the Profits – PJ Media

A recently published study shows the profoundly disturbing possibility that some investors had advance knowledge of the October 7 Hamas attack on Israel and profited enormously from it.

The study, published Sunday in the SSRN journal by Robert J. Jackson, Jr. from the New York University School of Law and Joshua Mitts of Columbia Law School, finds traders who appear to have had advanced knowledge of the attack making billions of dollars.

“Days before the attack, traders appeared to anticipate the events to come,” they wrote, citing short interest in the MSCI Israel Exchange Traded Fund (ETF) that “suddenly, and significantly, spiked” on Oct. 2 based on data from the Financial Industry Regulatory Authority (FINRA).

“And just before the attack, short selling of Israeli securities on the Tel Aviv Stock Exchange (TASE) increased dramatically,” they wrote in their 66-page report.

The researchers said short-selling, in which investors expect the share price to fall, allowing it to be bought back at a lower price at a profit, prior to Oct. 7 “exceeded the short-selling that occurred during numerous other periods of crisis.”

That includes the recession following…