Last August 5th and 6th, investors added $1.7 Billion to short-selling positions, this is in accordance to the estimates of S3′s head of predictive analytics, Ihor Dusaniwsky. This motivated Hedge Funds to up their bets against big technology stocks.
Betting against shares of a company is called Short Selling. In light of the U.S.-China Trade War alongside other Macroeconomic data, Short Selling determined mark-to-market profits of $16.7 Billion.
Over the last two days, hundreds of millions of Dollars flowed into new bets. Hedge Funds anticipate that stocks such as Amazon, Google-parent Alphabet, and Netflix to be among the market losers. These belong to the top 10 with the largest short position increases.
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