Of course, you will find that because the stock market is inactive, as the main force, you don't need to pull the stock price to a high price for shipment. Because the price falls, the short position of stock index futures can make money immediately, and the risk is relatively small, so as a funder, there is no need to do more.
If it is a bailout, only the stock price is undervalued. As institutional investors, they will spread their funds to manage their finances. The current rules make it unnecessary for investors to do more. The hedging function of stock index futures is enough for the funders, and the motivation to do more is small.