Shares of Trump Media & Technology (DJT) surged 5.02% in pre-market trading on Thursday, following the company's announcement that it had alerted the U.S. Securities and Exchange Commission (SEC) to potential manipulation of its stock. The move appears to have boosted investor confidence in the company's commitment to protecting shareholder interests.

Trump Media revealed that it had sent a memo to the SEC regarding "potential illegal naked short selling and market manipulation" of its stock. The company specifically pointed to the activities of Qube Research & Technologies, a UK-based hedge fund, as "suspicious." According to Trump Media, Qube only disclosed a short position of nearly 6 million shares in Germany, while third-party sources suggested the hedge fund's total short interest was around 11 million shares as of April 16, virtually unchanged from March 31.

In its letter to the SEC, Trump Media urged immediate investigation into this suspicious trading activity. The company's proactive stance in addressing these concerns seems to have resonated positively with investors, as reflected in the stock's pre-market rally. As the trading day unfolds, market participants will likely be watching closely for any further developments or responses from the SEC or Qube Research & Technologies regarding these allegations.