According to The Wall Street Journal, the iShares Russell 2000 Index is the most heavily shorted ticker in the U.S. markets -- by a huge margin. It's been that way since the summer, when, again according to the Journal, short positions were "at record levels."
There are more than 255 million shares shorted of the small-cap exchange-traded fund. In second place is the S&P-tracking SPDRs, with 250 million shares shorted, followed by Ford, the Nasdaq 100-tracking Cubes, Level 3 Communications, and Countrywide Financial. Intel (Nasdaq: INTC), Yahoo! (Nasdaq: YHOO), and Washington Mutual (NYSE: WM) make the top 20, too.
Has anyone forgotten the January effect and how it has been coming earlier every year? Small caps might have a big upside surprise for those heavily short.
Another set up for an equity rally is bonds. They are way overbought and yields at 4% (and below) might just be the ticket.
There are more than 255 million shares shorted of the small-cap exchange-traded fund. In second place is the S&P-tracking SPDRs, with 250 million shares shorted, followed by Ford, the Nasdaq 100-tracking Cubes, Level 3 Communications, and Countrywide Financial. Intel (Nasdaq: INTC), Yahoo! (Nasdaq: YHOO), and Washington Mutual (NYSE: WM) make the top 20, too.
Has anyone forgotten the January effect and how it has been coming earlier every year? Small caps might have a big upside surprise for those heavily short.
Another set up for an equity rally is bonds. They are way overbought and yields at 4% (and below) might just be the ticket.
This entry was posted
on Friday, November 23, 2007 at 11/23/2007 11:52:00 AM.
You can skip to the end and leave a response.
» Post a Comment