Quarterly report pursuant to Section 13 or 15(d)

SECURITIES SOLD, NOT YET PURCHASED - AT FAIR VALUE

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SECURITIES SOLD, NOT YET PURCHASED - AT FAIR VALUE
3 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Securities Sold Not Yet Purchased - at Fair Value SECURITIES SOLD, NOT YET PURCHASED – AT FAIR VALUE
As of December 31, 2021, and March 31, 2021, the Company’s securities sold, not yet purchased at fair value was $15,167 and $8,592, respectively.
During the nine months ended December 31, 2021, the Company sold shares that were not owned by it in the amount of $6,285 and closed short positions in the amount of $23. During the nine months ended December 31, 2021, the Company recognized a loss on the change in the fair value of financial liabilities in the amount of $313 in the Condensed Consolidated Statements of Operations and Statements of Other Comprehensive Income.
A short sale involves the sale of a security that is not owned with the expectation of purchasing the same security (or a security exchangeable) at a later date at a lower price. A short sale involves the risk of a theoretically unlimited increase in the market price of the security that would result in a theoretically unlimited loss.