The recent equity market rally, which has launched the S&P 500 on course for its best month since July 2022, squeezed hedge fund short sellers to the tune of $43 billion.
Data collected by S3 Partners showed that hedge fund short-selling losses between Tuesday and Friday last week — following better-than-expected U.S. inflation data — amounted to $43.2 billion. The data did not take into account gains hedge funds might have made from other stock positioning.
Among the shorted stocks, the most unprofitable between Nov. 14 to Nov. 20 were Tesla (NASDAQ:TSLA) which cost hedge funds $909 million, Apple (NASDAQ:AAPL), costing nearly $484 million and Intel (NASDAQ:INTC).
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