Have prices risen too much? Professional investors continue to protect themselves against falling prices.
(Photo: AP)
Dusseldorf The leading US index S&P 500 has already risen by eight percent on a monthly basis. The tech index Nasdaq Composite is even ten percent. But professional investors obviously do not trust the rally on the US stock exchanges: their protection against falling prices remains high. This is shown by an analysis by the financial data provider S3 Partners.
Exchange-traded funds (ETFs) have only seen $3.5 billion in down bets over the past 30 days, just 1.5 percent of current short positions. The professional investors are currently losing money with their hedging: in the past 30 days they made a loss of 12.5 billion dollars with their bets.
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