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.
The percentage of short sellers in the consumer discretionary space has trended higher since April as stimulus check spending…
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