SPACs to Bet Against As Short-Sellers Made $500 Million in 30 Days
SPAC short-sellers were up over $500 million in mark-to-market profits over 30 days. The increasing profits came amid a steep decline in SPAC market sentiment and performance. S3 Partners shared the 10 most profitable wagers as skeptics sold short another $265 million shares. Short-sellers are descending on the SPAC market and making a killing out of it. Investors betting against these so-called blank-check companies were up more than ...
Source: businessinsider.com