MARKET WIRETradingView • 15h ago
Funds from operations of The Metals Royalty Company Inc. – NASDAQ:TMCRTradingView report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
Why TMCR Stock dropped -5.80% Today — RQD Quant Desk Flash
$1.95 -5.80% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot)
EXT / AFTER-HRS: $1.93
The Metals Royalty Company Inc. (TMCR) carries a Roarable Rating of D (Sell) with 44/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
ROARABLE D • SELL / AVOID
Cap $139.5M
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Click Any Pre-Computed AI Quant Specialist Briefing on TMCR Below — or Connect Your Own ChatGPT / Claude
🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief)
Is TMCR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-02, The Metals Royalty Company Inc. (NASDAQ: TMCR) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 44/100 at a spot price of $1.95 (-5.80% 1D, market cap $139.5M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 3/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 7/20, and SEC Balance-Sheet Forensics 9/20. Active quantitative signal LIQUIDITY_TAILWIND (BEARISH, conviction undefined/100) notes: undefined.
✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief)
How does TMCR compare to PLG and NVA in the Materials sector?
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Within the Materials sector (Precious Metals), TMCR carries a Roarable D (44/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of —. By comparison, PLG (Platinum Group Metals Ltd. (Canada)) holds a D grade (44/100 RQD, P/E N/A, ROIC —, cap $136.8M) and NVA (Nova Minerals Corp) posts a E grade (34/100 RQD, P/E N/A, ROIC —, cap $133.7M). Among the 5-stock peer group, TMCR leads on earnings multiple (N/A) while TMCR leads on capital efficiency (— ROIC).
✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief)
What are the biggest fundamental strengths and SEC risk factors for TMCR?
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For The Metals Royalty Company Inc. (TMCR), key quantitative strengths include Established market leader in Materials with deep daily trading liquidity. and sector rank #181 in Materials, while primary risk factors center on Company executives have done more routine share selling than personal cash buying lately. and Sensitive to high interest rates and tighter Federal Reserve market liquidity.. Institutional options positioning shows a 50% call / 50% put premium split.
✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
EXT / AFTER-HRS: $1.93 (-1.23%)🧬 Disciplined Float (-0.40% YoY Shares)⚙️ Cash Engine: 12/20 (C-) • 0.1% FCF Margin
Verify 90D Bucket Audit →📊 Historical Track Record Warning: Scores below 50 (44/100 · D) historically underperformed SPY in 71% of rolling 90-day windows (-6.5% avg 90D alpha vs SPY • 29.0% hit rate).
Audit Bucket Track Record →RQD QUANT TACHOMETERSELL / AVOID • D
JEV AI Jury Split (Battleground)
Cash
SEC
Whale
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
5-PILLAR SNOWFLAKE RADARRw D- · Rk D
Each axis scored 0–20
12M PRICE TARGET CONE-6.2% Base Target
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for TMCR)Realized 20D OHLCV Swing Band: ±12.5%
Deterministic 5-Pillar Attribution (44/100 Composite)
🔍 WHY TMCR SCORES 44/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (30% of score)
Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 7/9
▲ #2 Bullish Driver: Cash Engine Quality+12/20 pts (27% of score)
SEC XBRL Trailing 12 Months: 0.1% FCF Margin ($3.9M FCF) & 52% Gross Margin
▼ #1 Drag / Risk Factor: Whale & Options Positioning4/20 pts (-16 pt drag)
Put hedging (50% put share) caps near-term gamma upside (-16 pts vs max)
📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)Grade C-$2.84-19.7% Next Q
52
Q2 (-2Q)Grade D$2.28-7.9% Next Q
49
Q3 (-1Q)Grade D$2.10-7.1% Next Q
47
CurrentGrade D$1.95-6.5% Hist 90D α
44
Trajectory: C- (52) → D (44)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER
⚔️ Adversarial Opposing Case: What Could Spark a TMCR Turnaround Squeeze
While TMCR currently carries a cautious 44/100 (D) rating due to Whale & Options Positioning (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.
🚀 Contrarian Squeeze Trigger #1
Established market leader in Materials with deep daily trading liquidity.
🚀 Contrarian Squeeze Trigger #2
Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($4.00) and Max Pain ($2.05) forces dealer call-delta covering toward $22.45.
🚀 Contrarian Squeeze Trigger #3
Forensic Repair Trigger: Halting share dilution (Disciplined Float (-0.40% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.
🎲 LIVE PREDICTION MARKET ODDS TIED TO $TMCR• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “TMCR Beats Next Quarter EPS Consensus (Upcoming Quarter) & Holds Above 200D SMA”
AUTOMATED RQD QUANT DESK MOVER BRIEFINGFull Market News Desk →
Why TMCR Stock dropped -5.80% Today — RQD Quant Desk Flash
The Metals Royalty Company Inc. (TMCR) dropped -5.80% to $1.95, trading at 2% of its 52-week range ($1.77 – $21.38). Stretched risk/reward at current multiples (steady margins) under elevated 10-year interest-rate pressure.
- ▸Technical Tape: Trading at 2% of its 52-week range ($1.77 – $21.38) with RSI-14 at 29.1 (OVERSOLD (<32)).
- ▸Volatility Profile: Historical 20-day realized swing band of ±12.5% around $1.95 (no active unusual options sweep snapshot on file).
- ▸Primary SEC / Cross-Feed Trigger: TMCR Exhibits 4.87x True Net Liquidity Elasticity as Fed-TGA-RRP Prints $5,746B
Live TMCR Headlines & Catalysts
MARKET WIRESimply Wall St • 18h ago
Metals Royalty (Nasdaq:TMCR) - Stock AnalysisSimply Wall St report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
MARKET WIREStock Titan • 21h ago
Metals Royalty Co Inc. SEC Filing (Oct 23, 2026)Stock Titan report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
MARKET WIREYahoo Finance • 1d ago
Fulcrum Metals PLC - Secures £1M Support for Pilot Facility DevelopmentYahoo Finance report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
MARKET WIREFarmonaut • 1d ago
Deep Sea Mining Companies: Who Is Listed and Who Is NotFarmonaut report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
MARKET WIRETradingKey • 1d ago
Top U.S. Stock Losers: Biggest Price DeclinesTradingKey report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
MARKET WIREStock Titan • 1d ago
Amaero (AMRO) Stock Price, News & AnalysisStock Titan report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
CATALYSTTradingKey • 1d ago
Top U.S. Stock Gainers: Biggest Price IncreasesTradingKey report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk
Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring TMCR)
- ✓Walkthrough of TMCR's RQD Radar, SEC cash-conversion gap & downside invalidation levels
- ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
- ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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TMCR // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -87.49%🛡️ HOLDING TREND SUPPORT
2026-11-02O $2.14H $2.14L $1.95C $1.95VOL 68.8K
RES: $3.58SUP: $1.13SMA50: $4.00SMA200: $7.95
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK
TMCR Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure
Share Count & Dilution Monitor (#25)
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
Reverse-DCF Expectations Hurdle (#30)
8.0%/yr Implied 5Y Growth
vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
Ellis Vennor Setup Ledger (#33)
No active Ellis Vennor swing setup published on TMCR today. View full Setup Ledger →
🦋 Documented & Second-Order Butterfly Connections
Open Graph →
No direct multi-tier Butterfly edges indexed yet for TMCR. Explore sector supply chains on /butterfly.
AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for TMCR today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK
📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (TMCR)
Materials Rank #181 of 270
⚔️ PLG vs TMCR Full Matrix →
1. Head-to-Head Materials Peer Comparison (TMCR vs. PLG, NVA, GLDG, SBMT)
Industry: Precious Metals (74 Tracked Issuers)Across 270 tracked Materials securities in the Roarable RQD universe, The Metals Royalty Company Inc. (TMCR) ranks #181 by composite RQD confidence (44/100, grade D) and #218 by equity capitalization ($139.5M). Within this direct 5-issuer industry benchmark cohort, TMCR leads on earnings valuation at N/A trailing P/E, while TMCR leads on capital efficiency and profitability with — ROIC and — gross margin. GLDG currently holds the highest overall quantitative score in the immediate peer group at 47/100 (D) compared with TMCR at 44/100 (D).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| TMCR
ACTIVE
The Metals Royalty Company Inc. | D | 44/100 | — | — | — | -5.80% | $139.5M | Benchmark Subject |
| PLG Platinum Group Metals Ltd. (Canada) | D | 44/100 | — | — | — | -1.87% | $136.8M | /plg-vs-tmcr → |
| NVA Nova Minerals Corp | E | 34/100 | — | — | — | +8.86% | $133.7M | /nva-vs-tmcr → |
| GLDG GoldMining Inc. | D | 47/100 | — | — | — | -4.17% | $162.3M | /gldg-vs-tmcr → |
| SBMT Silver Bow Mining Corp. | D | 44/100 | — | — | — | -7.01% | $189.6M | /sbmt-vs-tmcr → |
2. TMCR Fundamental Profitability, Capital Efficiency & Balance-Sheet Forensics
TRAILING 12M & FORWARD QUANTITATIVE SNAPSHOTThe Metals Royalty Company Inc. (TMCR) operates in Precious Metals (Materials) with an equity capitalization of $139.5M, trailing P/E of N/A, forward P/E of N/A, and EV/EBITDA of N/A. Operating profitability registers a gross margin of —, operating margin of —, net profit margin of —, ROIC of —, and free cash flow yield of —, alongside an Altman Z-Score of N/A and Piotroski F-Score of N/A.
3. TMCR Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)
✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLEDIs TMCR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
As of 2026-11-02, The Metals Royalty Company Inc. (NASDAQ: TMCR) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 44/100 at a spot price of $1.95 (-5.80% 1D, market cap $139.5M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 3/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 7/20, and SEC Balance-Sheet Forensics 9/20. Active quantitative signal LIQUIDITY_TAILWIND (BEARISH, conviction undefined/100) notes: undefined.
How does TMCR compare to PLG and NVA in the Materials sector?
Within the Materials sector (Precious Metals), TMCR carries a Roarable D (44/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of —. By comparison, PLG (Platinum Group Metals Ltd. (Canada)) holds a D grade (44/100 RQD, P/E N/A, ROIC —, cap $136.8M) and NVA (Nova Minerals Corp) posts a E grade (34/100 RQD, P/E N/A, ROIC —, cap $133.7M). Among the 5-stock peer group, TMCR leads on earnings multiple (N/A) while TMCR leads on capital efficiency (— ROIC).
What are the biggest fundamental strengths and SEC risk factors for TMCR?
For The Metals Royalty Company Inc. (TMCR), key quantitative strengths include Established market leader in Materials with deep daily trading liquidity. and sector rank #181 in Materials, while primary risk factors center on Company executives have done more routine share selling than personal cash buying lately. and Sensitive to high interest rates and tighter Federal Reserve market liquidity.. Institutional options positioning shows a 50% call / 50% put premium split.
Where is TMCR trading relative to its 50-day, 200-day, and 52-week technical levels?
TMCR last traded at $1.95 (-5.80% on volume of 103,316 shares), positioning the stock -51.25% below its 50-day simple moving average ($4.00) and -75.47% below its 200-day simple moving average ($7.95). Across its 52-week range of $1.77 to $21.38, TMCR sits at the 0.9% percentile with a 14-day RSI of 29.1 (OVERSOLD (<32)) and an implied next-earnings move of ±12.5% ($1.71 to $2.19).
TMCR Investor FAQ & Complete 8-Part Research Index
100% OPEN ACCESS • SEC EDGAR × CBOE × FREDWhy is TMCR stock moving today?
Why TMCR Stock dropped -5.80% Today — RQD Quant Desk Flash. Stretched risk/reward at current multiples (steady margins) under elevated 10-year interest-rate pressure.
ROARABLE RATING BRIEF • RQD 44/100 (D)
✓ STAGE-C NUMBER FIREWALL VERIFIED
TMCR — The Metals Royalty Company Inc.: What the Facts Mean to a Prospective Investor
Engine: anthropic/claude-haiku-5.5
As of: 2026-11-02T14:18:01Z
Roarable Rating Brief: What This Means to a Prospective Investor
Per the Roarable RQD rating, TMCR scores 44 out of 100, earning a D grade and the verdict "Roarable Sell — Underperform / Distribution Warning." The five pillars are: Fundamental Cash Engine at 12/20 (ROIC 0%; FCF yield 0%), Whale 13F Flow at 3/20 (institutional accumulation and options positioning), Insider Conviction at 9/20 (SEC Form 4 and Congressional PTR cluster flow), Macro Regime Fit at 7/20 (Beta 1.0; sector sensitivity), and Forensic Balance Sheet at 13/20 (Altman Z 2.5; Piotroski F 6/9; Debt/Equity 0.5). The weakest pillar is institutional flow, and the cash engine pillar reflects zero reported return on invested capital and zero free-cash-flow yield. For a prospective investor, the forensic balance sheet is the comparatively stronger area, while the absence of measurable cash returns and the low institutional-flow score are the main reasons the rating sits in distribution-warning territory. Valuation tradeoffs cannot be fully assessed because P/E, EV/EBITDA, and EPS are not available in source data. This section is educational and is not personalized financial advice.
Recent Catalysts & News Wire Analysis
Per the recent news feed, six items are tagged to TMCR, each with a YELLOW light and MARKET WIRE impact label:
- A TradingView item headlined "Funds from operations of The Metals Royalty Company Inc. – NASDAQ:TMCR."
- A Simply Wall St item headlined "Metals Royalty (Nasdaq:TMCR) - Stock Analysis."
- A Stock Titan item headlined "Metals Royalty Co Inc. SEC Filing (Oct 23, 2026)."
- A Yahoo Finance item headlined "Fulcrum Metals PLC - Secures £1M Support for Pilot Facility Development." This item concerns a different company in its headline and is not identified in the source data as a TMCR catalyst.
- A Farmonaut item headlined "Deep Sea Mining Companies: Who Is Listed and Who Is Not."
- A TradingKey item headlined "Top U.S. Stock Losers: Biggest Price Declines."
Per the Butterfly Supply-Chain Graph, the proprietary liquidity signal is a LIQUIDITY_TAILWIND with a terminal label of "MACRO TAILWIND SCORE (18/100)," severity score 94, and direction BEARISH. The AI brief states a True Net Liquidity figure of $5,745.73B, a -0.64% 4-week rate of change, a High-Yield OAS of +2 bps, a rolling 5-year beta of 4.87x (r = +0.28), and a deterministic Macro Tailwind Score of 18/100. Risk watch items are the bearish direction of the liquidity signal and the -3.27% daily price change per the market data.
Butterfly Effect: 2nd-Order Supply-Chain & Sector Ripples
Per the Butterfly Supply-Chain Graph, supply chain is listed as NONE and butterfly links are empty. Upstream and downstream dependencies are not available in source data. Per the Butterfly Supply-Chain Graph, the liquidity signal implies a high sensitivity to net liquidity conditions (4.87x beta), so a contraction in liquidity would be a 2nd-order driver of price pressure. Sector correlation data beyond this liquidity beta is not available in source data.
Open Questions
- What are reported revenue, operating income, net income, and free cash flow for any historical period, given that the financials section is empty?
- What are the valuation multiples (P/E, EV/EBITDA, EPS) that would allow a tradeoff assessment against the $2.07 price?
- What assets, royalty interests, or operations generate the company's revenue, and who are its counterparties?
- What is the content of the October 23, 2026 SEC filing referenced in the news feed?
- Who are the institutional and insider holders, and what are their recent transactions?
TMCR Live News Feed, Press Releases & Catalyst Wire
Real-time company headlines, analyst actions, and sector developments for The Metals Royalty Company Inc. (TMCR) • Click "Debate This Headline" to argue it in the Roar Pit below
🟡 MARKET WIRE TradingView • 15h ago
Funds from operations of The Metals Royalty Company Inc. – NASDAQ:TMCR TradingView report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
🟡 MARKET WIRE Simply Wall St • 18h ago
Metals Royalty (Nasdaq:TMCR) - Stock Analysis Simply Wall St report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
🟡 MARKET WIRE Stock Titan • 21h ago
Metals Royalty Co Inc. SEC Filing (Oct 23, 2026) Stock Titan report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
🟡 MARKET WIRE Yahoo Finance • 1d ago
Fulcrum Metals PLC - Secures £1M Support for Pilot Facility Development Yahoo Finance report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
🟡 MARKET WIRE Farmonaut • 1d ago
Deep Sea Mining Companies: Who Is Listed and Who Is Not Farmonaut report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
🟡 MARKET WIRE TradingKey • 1d ago
Top U.S. Stock Losers: Biggest Price Declines TradingKey report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
🟡 MARKET WIRE Stock Titan • 1d ago
Amaero (AMRO) Stock Price, News & Analysis Stock Titan report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
🟢 CATALYST TradingKey • 1d ago
Top U.S. Stock Gainers: Biggest Price Increases TradingKey report covering The Metals Royalty Company Inc. (TMCR) market action, institutional positioning, and fundamental catalysts.
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE
3 Active Posts & Replies
TMCR Bull vs. Bear Conversation Board — What's Your Call at $1.95?
🐂 33% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON TMCR 🐻 67% BEARISH CONVICTION
RO RoarDesk_Moderator Roarable Research Desk 🐻 BEARISH
🎯 Target: $1.82 (-12.1%)
📌 Pinned Debate 🔥 Official Bull vs. Bear Debate: Is TMCR (D • RQD 44/100) a Buy at $2.07?
Welcome to the TMCR (The Metals Royalty Company Inc.) Roar Pit. Current RQD Composite is 44/100 (Roarable Sell — Underperform / Distribution Warning) in Precious Metals. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.
FO ForensicBear Forensic Accounting Watch 🐻 BEARISH
🎯 Target: $1.70 (-17.9%)
Spot @ $2.07 Pump the brakes on TMCR — check the valuation vs. margin headwinds
Everyone in here is repeating the bull case on TMCR, but look at what you are paying: current EV/EBITDA multiples with tightening sector spreads. Unless The Metals Royalty Company Inc. expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.
AL AlphaFlow_Cap Verified K Arena Trader 🐂 BULLISH
🎯 Target: $2.40 (+15.9%)
Spot @ $2.07 TMCR cash flow & RQD setup is being underpriced by the Street here
Looking at the 5-pillar RQD breakdown on TMCR, the market is fixating on short-term headline noise in Precious Metals and ignoring the balance sheet and cash flow trajectory. At $2.07 (52-wk range $1.77 - $21.38), any beat on forward guidance forces shorts and underweight funds to chase.