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home / news releases / cre concerns drive shorts higher


KBWB - CRE Concerns Drive Shorts Higher

2024-02-16 03:12:00 ET

Summary

  • New York Community Bank has recently considered raising additional funds whilst contemplating asset sales after its stock price plunged.
  • In Japan, Aozora Bank recently recorded its first loss in 15 years due to bad loans in US commercial property investments.
  • Investors may wish to keep one eye on the short interest metrics across this sector as negative sentiment has been building and providing signals of stress for some time.

Over the last few months, short interest has continued to climb in banks exposed to the commercial real estate sector ((CRE)).

For further details see:

CRE Concerns Drive Shorts Higher
Stock Information

Company Name: Invesco KBW Bank ETF
Stock Symbol: KBWB
Market: NASDAQ

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