33 days ago • Posted by William Ramstein
Hedge Funds see biggest shorting of tech stocks in 5 years
Information technology was net sold for a 4th straight week and saw the largest net selling in more than 5 years, driven by short sales. Despite large short positions as seen with Burry earlier today, the FAAMG sector has moved higher in the past 3 days amid a reassessment of reflation concerns with the transitory camp currently winning. When will this one-sided short position push max levered funds over the edge, and lead to a squeeze higher in the tech sector.
Source: Zero Hedge