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Vanguard has billed itself as the company responsible for Fidelity angering retail investors who trade in GameStop, according to news reports.

Last Tuesday, a Reddit user reported that Fidelity was showing 13.8 million GameStop shares available for sale, up from around two million the day before, wrote MarketWatch.

GameStop and the short-selling strategies used by institutional investors to trade shares of the company and other companies were at the center of a months-long controversy earlier this year that led to lawsuits and regulatory review of Robinhood Financial and other brokerage firms.

Fidelity faced “an influx of calls” from investors due to the short volume data and issued a clarification on the afternoon of November 30, according to MarketWatch.

“After researching the volume with our lending services team, we were able to identify that the root cause was an incorrect entry of the number of shares available short by one of our external counterparties,” Fidelity posted on its own. subreddit on November 30. depending on the publication. “The issue was resolved at 12:10 ET today.”

Vanguard admitted on Wednesday that its incorrect data was the cause of the discrepancy, writes MarketWatch.

“Due to a data entry error, we provided Fidelity with the incorrect ‘securities lending potential availability’ data yesterday for Gamestop (GME),” a spokesperson for Vanguard told the publication in a report. communicated. “The error was corrected shortly after and before the market opened. We regret that this error has occurred and apologize for any confusion this may have caused.

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