Hedge Fund Short Sellers Reloading After a Year in the Reddit Crosshairs
- Short-seller performance has improved since January 2021
- ‘Activity will only increase from here’: Leuthold’s Swenson
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Hedge-fund short sellers, chased into the bunkers a year ago by upstart amateurs, are marching again.
Twelve months after being targeted by day traders on Reddit’s WallStreetBets forum, professional speculators are furiously reloading bets against a stock market priced as richly as any in two decades. Their short sales increased at the fastest rate in more than 10 years during the last five weeks, data compiled by Goldman Sachs Group Inc.’s prime broker show.