They will also do it to recruit the carbohydrates produced from photosynthesis by the zooxanthellae in the tentacles or outer parts and bring them back to the central disc. All the tissue needs the energy, so the parts that do not have zooxanthellae have to get it to and reducing size by expelling water, makes what weak circulation there is more timely. That's the good answer.
The bad answer is that something is stressing it out and making it try to protect itself. That list is long.