Don't be surprise when JP Morgan starts coverage at the end of the month. My guess is their initial rating will be a hold after they have acquired a large position at the levels of thi current pull back.
I reduced my position in 2Q ... and increased it in Q3. I imagine they did something similar. $8.85 was well ahead of prices that the market would support with a 12 cent dividend.. $6.25 at 13 cents was another story entirely.
And keep in mind that the overall institutional position was up in 2Q. It should be up again this quarter.