• Research

Jun 12, 2017

S3 Research – Weekly ETF Short Interest Balances & Activity June 5th - 9th

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.

This week we continue to see short selling in the iShs MSCI Emerging Markets ETF (EEM US) with short interest up $1.8 billion over the last month and almost $400 million in the last week. The iShs Russell 2000 ETF (IWM US) and Powershares Nasdaq 100 ETF (QQQ US) saw a combined $729 million of buy to covers in the last week and are down $1.3 billion over the last month. In the near term shorts are covering some of their tech, mid-cap and small-cap exposure and increasing their emerging market exposure.

Want deeper insight into the above analysis? Contact: 
Ihor.Dusaniwsky@S3Partners.net
Head of Research, S3 Partners
The information herein (some of which has been obtained from third party sources without verification) is believed by S3 Partners, LLC ('S3 Partners') to be reliable and accurate. Neither S3 Partners nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein or accepts liability arising from its use. Prior to making any decisions based on the information herein, you should determine, without reliance upon S3 Partners, the economic risks and merits, as well as the legal, tax, accounting and investment consequences, of such decision.


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