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Short bets against US stocks have fallen to the lowest level since records began as the market's seemingly endless rally continues
REUTERS
- Short-seller interest has fallen to more than a 10-year low, the Financial Times reported, citing Goldman Sachs' data.
- Short-interest as a proportion of market capitalization for median stock in the S&P 500 hit 1.8% at the start of the year compared to an average of 2.4% for the last 15 years.
- Short positions recorded gains of $375 billion between February and March when markets tanked.
- But mark-to-market losses on short positions hit $383.5 billion since March lows according to S3 partners.
- Visit Business Insider's homepage for more stories.
Short-selling in US stocks has hit the lowest level since records began, as the market's near-constant upward trajectory in recent months pushes investors away from betting on stocks falling.
This is according to data from Goldman Sachs cited by the Financial Times on Sunday. Short-interest as a proportion of market capitalisation for median stock in the S&P 500 hit 1.8% at the start of August, the FT said.
See the rest of the story at Business Insider
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See Also:
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- Stock-market wizard William O'Neil famously turned $5,000 into $200,000 in just a few years. Here's the 7-part model he uses to sniff out winning stocks.
- A JPMorgan equity chief sees stocks staying rangebound for another year, even if there's a vaccine breakthrough — but says investors can still get big returns in these 11 regions and sectors
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