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Is Sears Holdings the S&P 500's Most Concentrated Stock?

by: Jessica Johnson October 13, 2008 | about stocks: SHLD    

Jessica Johnson

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This morning, FTFM said that Sears (SHLD) is the most concentrated stock in the S&P500. Sixty-two percent of its Market Cap is owned by hedge funds. Sears was one of our Best-Timed Shorts last year, with investors coming to the trade at the right time and making significant returns.

 Since then, and in the last six months, there has been a sizeable amount of short covering, and the company now has 12% of its Market Cap out on loan (%MCOL) as opposed to 17% in July and 15.5% in April. Utilisation is still extremely high at 86%, so supply is short, and there are 12.21 Days to Cover.

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Sears

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