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On August 25, 2025,
shares closed down 0.31% with a trading volume of $270 million, ranking 333rd in market activity. The stock’s performance followed a week-long share repurchase program update, which saw EQT repurchase 534,181 ordinary shares at a weighted average price of 340.25 SEK, totaling 181.75 million SEK. The buybacks were executed through Skandinaviska Enskilda Banken AB on Nasdaq Stockholm, contributing to the broader 2.5 billion SEK repurchase initiative announced in May.EQT’s ongoing program, active until September 26, 2025, has cumulatively repurchased 2.78 million shares valued at 933.5 million SEK. The transactions, spread across daily volumes between 95,583 and 111,000 shares, reflect management’s strategy to optimize capital structure and return value to shareholders. Post-repurchase, EQT’s outstanding shares stand at 1.17 billion, with the company holding 60.7 million of its own shares, which carry no voting rights or dividend entitlements.
The repurchase activity aligns with regulatory frameworks under EU Market Abuse and Delegated Regulations, ensuring transparency in buyback operations. While the stock’s modest decline may reflect broader market dynamics, the sustained buyback program underscores EQT’s commitment to deleveraging and enhancing shareholder value. The weighted average repurchase price of 340.25 SEK suggests a disciplined approach to capital allocation amid fluctuating market conditions.
The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to now delivered moderate returns. The 1-day return was 0.98%, with a total return of 31.52% over 365 days. The strategy's Sharpe ratio was 0.79, indicating good risk-adjusted returns. The highest daily return was 4.95%, and the lowest was -4.47%. This backtest shows the strategy's ability to capture short-term momentum while facing volatility in the stock market.

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