Robinhood raises trading limit on GameStop shares to 4 from 1

Robinhood started easing trading restrictions on Monday, raising its trading limit on GameStop to four shares from a single share.

The unraveling of restrictions comes amid another cash injection for the free stock trading pioneer.

The brokerage also raised the limits on AMC Entertainment, Express, Koss and a few of the other eight restricted stocks. Here are the new restrictions.

Amid an increase in capital requirements from the SEC and the Depository Trust & Clearing Corporation, Robinhood put restrictions on certain stocks and options amid a retail investing frenzy in heavily shorted names last week. Reddit-obsessed traders drove GameStop’s stock up more than 400% in an effort to crush the hedge fund’s shorting the name.

GameStop shares were last down 17% after losing more than a third of their value.

The restricted list tells clients how many shares and options contracts they can buy pertaining to a particular security and Robinhood appears to be rolling back some of its limitations. Now, Robinhood clients can buy 4 shares, instead of just one. Clients can buy 75 shares of AMC, higher than the earlier restriction of just 10 shares.

Robinhood clients can now buy 200 shares of Express, instead of the previous cap of 20 shares. However, if a clients owns more than 200 shares of Express, they cannot buy anymore shares of the embattled retailer.

Robinhood’s change in policies come amid news that the free stock trading pioneer raised another $2.4 billion from investors to support its record customer growth, the company said in a blog post on Monday. This adds to the $1 billion raised last week to shore up Robinhood’s balance sheet in anticipation of the rampant speculative trading. The company also tapped credit lines for more funds.

Th new funding round was led by Ribbit Capital, as well as existing investors ICONIQ, Andreessen Horowitz, Sequoia, Index Ventures, and NEA, Robinhood said.