Hedge Funds Reloaded Their Shorts Just in Time for a Tech Payday
- A basket of most-shorted stocks down in 10 of past 11 days
- ETFs, futures trading show growing bearishness toward Nasdaq
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Short selling, a strategy that was all but left for dead in the wake of the meme-stock mania, is working pretty well at the moment.
Hedge funds in particular seem to have timed recent tech stock declines almost perfectly, pushing up bearish bets just before the market rolled over. A basket of the 50 most-shorted stocks slipped in 10 of the past 11 sessions, the best run for bears since December 2018, data compiled by Goldman Sachs Group Inc. and Bloomberg show.