This year "was easier for shorting because the economic environment felt like a headwind to the whole market, instead of the tailwind seen in previous years," said Moez Kassam, portfolio manager at long-short hedge fund firm Anson Funds, which oversees around $1.7 billion and posted a 4.9% gain through November. "Shorts have been impossible for years," he said.
Among the fund's top positions were bets against biotech company Novavax Inc , which fell over 90% year-to-date, and electric-vehicle maker Rivian Automotive IncStanphyl Capital portfolio manager Mark Spiegel, who has been short Tesla "constantly, in varying size" since 2014, said a bet against Tesla was his fund's most profitable individual short position this year. The $18 million fund is up roughly 60% in 2022. Tesla's shares are up 1,271% since 2014.
is diverting his time running the electric car company. Musk's Tesla share sales have also weighed on the stock, and investors have been watching for signs that consumer demand for electric vehicles is cooling. Spiegel has maintained his bearish bets against Tesla, believing the stock has a long way to go before reaching a fair price.
The last several years haven’t been kind to bearish investors. Shorts lost $142.4 billion in 2021, a year when huge rallies in so-called meme stocks such as GameStop
'Bets against electric-vehicle maker Tesla Inc lead the pack in terms of dollar gains..' How can I can I get in that?
Has Musk been shorting Tesla?
Short it all to zero!
FRBが刷った金が流れてる一例🤣
Wealth only goes to the super-speed AI TRADERS, like RobertMercer!
And smart companies will benefit of decline in price of stocks to buy back some of their shares. Then show you guys the finger.