In Search of Shares: Benchmarked Ownership, Short Covering, and Price Efficiency

The authors thank the editor Eric So for his valuable comments as the discussant at the 2021 FARS conference, the associate editor and two anonymous reviewers for their constructive comments, and Taisiya Sikorskaya for sharing monthly BMI data as well as valuable advice. The authors also thank Natasha Bernhardt, Jeff Callen, Shuping Chen, Ted Christensen, Will Cong, Adrian Corum, Hemang Desai, Nick Guest, Jeff Hales, Douglas Hanna, Nick Hallman, Nathan Herrmann, Ross Jennings, Steve Kachelmeier, Andrew Karolyi, Urooj Khan, Eunjee Kim, Hyunseob Kim, Minjae Kim, S.P. Kothari, Matt Kubic, Dan Li, John McInnis, Justin Murfin, David Ng, Jing Pan, Felipe Silva, Lorien Stice-Lawrence, Dushyant Vyas, Sean Wang, Forester Wong, Eric Yeung, Elisha Yu, Luo Zuo, and workshop and brownbag participants in Cornell University (Finance), Southern Methodist University, University of Georgia, University of Texas at Austin, 2021 FARS, and 2021 Rotman Accounting conference for comments. All errors remain the authors’ own.