As Panicked Hedge Funds Covered Tech Shorts At A Record Pace, They Were Piling New Shorts In This Sector
February 06, 2023 at 08:42 AM EST
On Friday, we first reported that according to Goldman’s Prime Brokerage team, following the sharp post-FOMC/ECB/BOE market rally Thursday led by High Retail Sentiment (GSCBHRSB), High Beta 12M Losers (GSCBLMOM), and Most Short (GSCBMSAL) stocks, the bank’s Prime book – a proxy for broader hedge fund exposure – saw “a sharp increase in de-grossing activity, […] Source
