Professionals recently reduced their short exposure to the major US bank by $940 million.
(Photo: dpa)
Dusseldorf The mood on the stock market turned last week: After the interest rate decisions in the USA, the euro zone and Great Britain, among others, prices turned negative again. The US leading index Dow Jones fell below the 33,000 point mark, the German leading index Dax below 14,000 points.
Nevertheless, professional investors, so-called short sellers, are ending bets on falling prices in one sector: in bank stocks they reduced their global “short bets” by ten percent or $6.3 billion to $56.4 billion in the past 30 days, as an evaluation by the financial data provider S3 Partners shows.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue