The fund deliberately shorted 150 189 until it was lower than 0.5 yuan, and then shorted it with a leverage of one to three, and then transferred 90% of the shares purchased by retail investors to its parent base, and then raised the price. So the fund exploded.

Securities investment fund (referred to as fund for short) refers to a collective investment model that collects the funds of many investors to form independent property by selling fund shares, and is managed by fund custodians (such as banks) and fund managers, and shares the benefits and risks of securities investment in the form of portfolio.