Early March Saw Largest Increase In Short Interest In 9 Months
According to data from TrimTabs, the first half of March (March 2- March 13) saw $15.78 billion in new short positions opened in the Russell 3000, resulting in aggregate short interest of 14.28 billion shares or a total of $227 billion in short positions (2.92% of Russell 3000 market cap) at March 13, from 12.84 billion shares or $203 billion on February 27. This has been the largest increase in short interest since June 2008. It is not surprising the that most sectors were financials and information technology as new bears were jumping on existing downside rallies and also expressing a bearish opinion to previously resilient sectors.
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