COVID Delta fears unleash short sellers on these stock market sectors
- Date: 24-Aug-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
COVID Delta fears unleash short sellers on these stock market sectors
COVID-19 Delta fears has unleashed the short sellers on the economically sensitive consumer discretionary sector.
Short sellers held 4.57% of outstanding shares in the S&P 500 consumer discretionary sector at the end of July, according to new data from S&P Global Market Intelligence. Taking a short position in a stock is one's way of betting on a decline in price.