They Shorted Software… Now They’re Getting Squeezed

IGV - back from the dead

What looked like a one-sided unwind is starting to flip. Software has gone from the most aggressively sold pocket of tech to the one now forcing the most uncomfortable repositioning, with a sharp bounce colliding with still-heavy short exposure.

This is no longer just a reflex rally. The combination of washed-out positioning, early signs of covering, and improving price action is turning this into a squeeze dynamic.