Goldman Says Hedge Funds Add Record Shorts on US Stocks in Rout

Hedge funds piled into short positions on US stocks as concerns about disruption to business models from artificial intelligence reverberated through markets.

Notional short selling across single stocks last week was the biggest on record in Goldman Sachs Group Inc. data going back to 2016, the bank’s prime brokerage team said in a client note. Short sales outpaced long buys by a magnitude of two-to-one, the team including Vincent Lin said, citing flows from the Jan. 30 to Feb. 5 period.