Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

New records in short interest

By

Good thing I'm skinny because it's darn crowded in here

PrintPRINT

Short interest for the period between mid-February and mid-March rose sharply on both exchanges. Short interest on the NYSE hit record levels. The previous record high NYSE short interest was posted in April of 2003. Short interest on the NASDAQ also came in at record highs. The previous record high for the NASDAQ? Last month.

The graph I've been using appears below. It uses January 2003 as an index year (for no reason than that was a complete year bull market and the first year where I collected data).

Short interest in the IBB, the iShare ETF for the NASDAQ Biotech Index (NBI), rose 24.59% to 7.2M shares last month. This month, short interest in the IBB is up 82.17% to 13.1M shares. The BBH, a HOLDr ETF approximating the AMEX Biotech Index, saw short interest rise 11.71%.

Finally, the short interest on the 159 stocks in the NBI represents 11.53% of the total short interest on the NASDAQ. This is essentially flat from last month. Total short interest for all NBI stocks increased, just not as much as the increase seen in the NASDAQ short interest numbers.

< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE