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S&P 500 Short Interest Still Rising

by: Bespoke Investment Group June 25, 2008 | about stocks: IVV / SDS / SH / SPY    

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Yesterday's release of short interest figures for the Nasdaq confirmed the increases we saw last week in the NYSE.  Updating our figures for S&P 500 short interest shows that the average stock currently has 5.8% of its free float sold short.  While part of the rise can be attributed to hedge funds and the increased popularity of long/short mutual funds, at least some is attributable to negative investor sentiment.

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Sp_500_short_interest

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This article has 4 comments:

  •  
    Jun 25 10:54 AM
    This only shows that most of the investors are wrong.
    Reply
  •  
    Jun 25 04:08 PM
    should this be construed as a positive development?
    Reply
  •  
    Jun 25 04:42 PM
    No, high short interest occured before the 1929 crash and several other large declines. It is not a good contrary indicator.
    Reply
  •  
    Jun 25 09:07 PM
    I really admire how you guys compile stats and refrain from saying too much about what it might mean. It's refreshing.

    Thanks
    Reply
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