Short Bets on US Stocks Hit $1 Trillion, Most Since April 2022
- Wagers have paper losses of about $101 billion in 2023: S3
- Wall Street split on stocks’ path amid concern over Fed policy
Short sellers are ramping up bets against US stocks even as paper losses on the positions surpass $100 billion.
Total US short interest, or the amount traders have spent betting against US equities, exceeded $1 trillion this month as the S&P 500 Index extended its advance, S3 Partners LLC data show. The tally reached the highest since April 2022 before retreating slightly with stocks down for a third straight day.