The long / short report provides a geographic analysis of the long/short market by sector, using S&P Global Market Intelligence’s securities finance short interest data.
Highlights from September’s report include:
Global Equities
Utilization across global equities declined by 29 basis points over the month. The most significant drop in short interest occurred in the REITs sector, which fell by 30 basis points month-over-month, followed by Commercial Services with an 18 basis point decrease. Only two sectors saw increases in short interest: Consumer Staples, which rose by 5 basis points, and Transport, which increased by 2 basis points.
US Equities
Average short interest across US equities fell to 65 basis points this month. Most sectors saw a decline in short interest, with the most significant reductions seen in REITs, Consumer Durables, and Commercial Services. The Technology and Hardware sector was the only one to experience a slight increase of 1 basis point. Meanwhile, short interest remained stable in both the Software and Services sector and the Real Estate Management and Development sectors.
Asian Equities
Average short interest across APAC equities decreased to 61bps during the month, but large increases were seen across the Financial Services (+42bps), Consumer Staples (+29bps) and the Real Estate Management and Development (+20bps) sectors.
EMEA Equities
Average short interest across European equities remined unchanged at 17bps during the month. Short interest moved very little across the majority of sectors throughout the month with only very small increases being seen across just a handful of sectors. The largest moves were seen across Utilities (+3bps), Real Estate Management and Development (-3bps), Consumer Services (-2bps) and the Household and Personal products (-2bps) sectors. Increases of 1bps were seen across the Transport, Materials, Insurance and Food and Beverage sectors.
Fixed Income
Utilization decreased by 40bps across the government bond markets, and increased by 10bps across corporate bonds.
Please download the full report by clicking on the button above to read further details.
—
Originally Posted October 15, 2024 – The long / short report October 2024
Disclosure: Interactive Brokers
Information posted on IBKR Campus that is provided by third-parties does NOT constitute a recommendation that you should contract for the services of that third party. Third-party participants who contribute to IBKR Campus are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.
This material is from S&P Global Market Intelligence and is being posted with its permission. The views expressed in this material are solely those of the author and/or S&P Global Market Intelligence and Interactive Brokers is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to buy or sell any security. It should not be construed as research or investment advice or a recommendation to buy, sell or hold any security or commodity. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
Join The Conversation
If you have a general question, it may already be covered in our FAQs. If you have an account-specific question or concern, please reach out to Client Services.