As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Morgan Stanley: Hudson Bay Capital Management LP, Wolverine Trading LLC, Nomura Holdings Inc., CTC LLC, Man Group plc, LMR Partners LLP, Hudson Bay Capital Management LP, Group One Trading LLC, Cubist Systematic Strategies LLC, BNP Paribas Financial Markets, BTG Pactual Asset Management US LLC, Balyasny Asset Management L.P., Bank of America Corp DE, Lighthouse Investment Partners LLC, Jane Street Group LLC, Rokos Capital Management LLP, Squarepoint Ops LLC, Alphadyne Asset Management LP, RBF Capital LLC, Dymon Asia Capital Singapore PTE. LTD., Qube Research & Technologies Ltd, Maven Securities LTD, Bank of Nova Scotia, Baker Avenue Asset Management LP, Capital Markets Trading UK LLP, CMT Capital Markets Trading GmbH, Capula Management Ltd, Walleye Capital LLC, Walleye Trading LLC, Groupe la Francaise, Hsbc Holdings PLC, Capital Fund Management S.A., Sumitomo Mitsui Financial Group Inc., Eisler Capital Management Ltd., JPMorgan Chase & Co., Citigroup Inc., SG Americas Securities LLC, Garda Capital Partners LP, Credit Industriel ET Commercial, Bank of Montreal Can, Wolverine Asset Management LLC, Allianz Asset Management GmbH, Twin Tree Management LP, Credit Industriel ET Commercial, and CenterStar Asset Management LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.