Shorts Pile on China Large Caps as Growth Outlook Worsens: ChartBy
U.S. investors are becoming increasingly bearish on China’s biggest companies as signs of economic stress persist after the government indicated it’s less willing to support growth with stimulus. Short interest in the iShares China Large-Cap ETF, which owns the biggest 50 companies by market value, is at a two-year high of 18 percent of shares outstanding, up from 3 percent a month ago, data compiled by Bloomberg and Markit Ltd show. The fund has slid 2.6 percent in May as concern mounted that corporate defaults will increase and economic indicators from industrial production to retail sales trailed estimates.
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