Melvin Capital, the hedge fund burned by GameStop, goes all in on reopening trades

Published Mon, Feb 14 20225:47 PM ESTUpdated Mon, Feb 14 20226:48 PM EST

This illustration photo shows a person checking the three month GameStop stock graph on a smartphone on February 17, 2021 in Los Angeles as the Reddit, Citadel, Robinhood and Melvin Capital logos are seen on the background ahead of the virtual hearing involving GameStop stocks.

Chris Delmas | AFP | Getty Images

Melvin Capital, the hedge fund that got smashed by its bet against GameStop last year, doubled down on bets that benefit from the economic reopening.