Short-interest by comparison was 2% at the start of the year, and has averaged roughly 2.4% over the past 15 years.
The US banking giant began tracking short-interest in 2004, and the figures are lowest since it began records, the FT said. The S&P 500 hit a low of 2237.40 in March when coronavirus lockdowns began to kick in in the Western world. But the index soared in value in recent months. TheCentral banks rolled out generous stimulus relief packages worth trillions of dollars and investors are betting that a coronavirus vaccine will arrive soon, both of which have boosted stocks.
Short positions increased by about $375 billion between February and March, according to S3 Partners. Stocks with the most amount of short-interest have performed better than the ones with the least amount of interest, the FT said, citing data from IHS Markit.
Stock market only goes up. So easy to make money. federalreserve keep those printers going!!!
The overconfidence phase
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Source: BusinessInsider - 🏆 729. / 51 Read more »