23 Jun, 2021

Short sellers are staying away from financial stocks

How long can we expect financial sector stocks to continue to climb?

Short-sellers held just 1.57% of financial sector stocks at the end of May, the lowest percentage of any of the S&P 500’s 11 groups, according to an analysis by S&P Global Market Intelligence. That compares to an average of 2.21% of shares in the broad index held by short-sellers.

Financial shares remain up more than 20% this year, despite the recent decline in bond yields, which narrows the gap between what banks pay on deposits and charge on loans.

Wall Street Journal
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About : Kevin Bae

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