The long / short report February 2024

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The long / short report provides a geographic analysis of the long/short market by sector using the securities finance short interest data of S&P Global Market Intelligence.

Highlights from February’s report include:

Across global equities, the largest increases in short interest were seen across the consumer staples (+8bps), capital goods (+8bps), telecoms (+6bps), and healthcare (+6bps) sectors.

Across USA equities, average short interest declined to 85bps over the month. Short interest fell across the vast majority of sectors with increases only seen across automobiles and components (+4bps), capital goods (+4bps), and telecoms (+3bps).

Average short interest across APAC equities stood at 66bps throughout the month. The largest moves in short interest were seen across the commercial and professional services (+14bps), semiconductor and semiconductor equipment sector (+9bps), real estate management and development (+7bps), and financial services (+3bps) sectors.

Across EMEA, short interest remained muted. The most shorted sector continued to be real estate and property management.

Short interest decreased by 25bps across the government bond markets, and increased by 39bps across corporate bonds.

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Originally Posted February 14, 2024 – The long / short report February 2024

This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.