At 8:50 a.m. Tuesday, Money Flow Mel (@MelStone31) posted an image to Twitter indicating institutions traded a large block of Digital World Acquisition Corp NASDAQ:DWAC. The trader noted that dark pool activity rarely occurs on this stock. The Trade: On Tuesday, an institution traded 155,000 shares of Digital World at $29.65. The trade amounts to a $4.6-million bet on the special purpose acquisition company.
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Last sentence seems to indicate that they're betting on it increasing so it would be a purchase.
I did think that afterwards, but I wanted to be sure :)
I initially had the same question.