Not only do I believe it. Look at the largest institutional investor (Blackrock) go to the Blackrock web-site, largest investor in Blackrock -Merrill Lynch (BOA). Look it up, the information is available to all who cares.
My point is how much money are we talking about? ML has MUCH larger fish to follow than HE. I still contend that HE is not even on their radar screen. Market fundamentals are affecting HE's stock price - NOT ML!