There are three major ETFs shorts that are used for outright market exposure and portfolio hedging – the Spider S&P 500 ETF (SPY), the iShares Russell 2000 ETF (IWM US) and the Powershares Nasdaq 100 ETF (QQQ US). They have been ranked 1-2-3 in short interest balances for as long as they have been active. The remainder of the top ten shorted ETF’s change along with the market – they are comprised of sector, product and regional ETFs that rise and fall in “short” popularity as the need arises.
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