The Globe and Mail Larry MacDonald Published December 10, 2020 Bookmark
Except for a few rallies along the way, short sellers on the Toronto Stock Exchange (TSX) have been in full retreat in recent months – as highlighted by the short position in the iShares S&P/TSX 60 exchange-traded fund (ETF).
On Nov. 30, it stood at 70 million units, down considerably from 120 million units in July.
Bearish bets at the sector level
The three most shorted sectors as of Nov. 30 were preferred shares, energy companies and banks, as represented, respectively, by the BMO Laddered Preferred Shares,
iShares S&P/TSX Capped Energy and
BMO Equal Weight Banks ETFs.