Bears Withdraw From China Large-Cap ETF Amid Credit Spurt: ChartBloomberg News
U.S. short sellers are fleeing fast from China’s biggest stocks as a surge in new credit stokes growth in the world’s second-largest economy. Bearish bets on the iShares China Large-Cap ETF dropped to 3.2 percent of shares outstanding last week, data compiled by Markit Ltd. and Bloomberg show. Separate reports showed that second-quarter gross domestic product increased more than forecast, while lending in June exceeded all forecasts in a Bloomberg survey.
— With assistance by Sunny Oh