Big shorters are betting $6.9B against MicroStrategy stocks

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Michael Saylor’s software intelligence firm MicroStrategy has a net short position hedged against it.

Short-sellers have wavered this year as MTSR skyrocketed 469% over the past six months, though a few major institutions are holding out hope for a correction.

It is just over a billion less than Amazon’s highest net short position, $3.59 billion. Overall, the highest net short position within the United States is on the SPDR S&P 500 Trust exchange-traded fund , amounting to $114.06 billion.

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