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ANALYSIS REVEALS TOP 10 MOST SHORTED UK STOCKS AND MOST ACTIVE SHORT ETPs

ANALYSIS REVEALS TOP 10 MOST SHORTED UK STOCKS AND MOST ACTIVE SHORT ETPs

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Topic: Technology

ANALYSIS REVEALS TOP 10 MOST SHORTED UK STOCKS AND MOST ACTIVE SHORT ETPs

New analysis (1) from ETP provider GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on popular UK, US, and European stocks, reveals that on March 24th 2022, Cineworld Group, the world's second-largest cinema chain, was the most shorted UK listed company.  Some 8.1% of its stock was held short by five investment firms, with New Holland Capital LLC holding the largest short position with 2.42% of the company’s shares.

The next most shorted UK listed companies were BOOHOO.com, AO World PLC and Hammerson PLC with 6.4%, 5.2% and 5.1% of their stock held by 8, 7 and 5 investment firms respectively.  The table shows the largest ten short positions in companies that are listed and trading on the London Stock Exchange. 

Company Percentage of stock held short Number of funds shorting the stock

Cineworld Group

8.1%

5

 BOOHOO.com

6.4%

8

AO World PLC

5.2%

7

Hammerson PLC

5.1%

5

Kingfisher PLC

4.9%

5

Dixons Carphone PLC

4.8%

4

Majestic Wine PLC

4.5%

4

Metro Bank PLC

4.5%

4

Network International Holdings PLC

4.3%

4

Alphawave IP Group PLC

3.8%

4

Source: London Stock Exchange, updated on 24th March 2022

The analysis reveals GLG Partners LLP had by far the most short positions on UK listed companies  of any investment firms with 35.  This was followed by Marshall Wace LLP,   BlackRock Investment Management (UK) Limited and  Ennismore Fund Management Limited  with 23, 21 and 10 short positions respectively.

Fund Manager Number of short positions 

GLG Partners LLP

35

Marshall Wace LLP

23

BlackRock Investment Management (UK) Limited

21

Ennismore Fund Management Limited

10

JP Morgan Asset Management (UK) Ltd

9

AKO Capital LLP

7

Citadel Advisors LLC

7

AQR Capital Management LLC

6

Jupiter Investment Management Limited

5

WorldQuant LLC

6

Source: London Stock Exchange, updated on 24th March 2022

Will Rhind, Founder and CEO of GraniteShares, said: “Hopes that UK stocks were set for a strong year have evaporated as the war in Ukraine and rising inflation hits confidence and drives volatility across the market.”

“The most popular shorted stocks on the Graniteshares remain some of the largest U.S. Technology names, in particular Tesla. With the recent decline in U.S. Technology stocks, sophisticated investors may be signalling they expect further price declines.”  

The five most popular 3x short single stock GraniteShares ETPs currently are:    

Top five GraniteShares single stock 3x short ETPs Ticker Code Value of funds invested in ETPs ($)

GraniteShares 3x Short Tesla Daily ETP

3STS

                17,225,672

GraniteShares 3x Short Rolls-Royce Daily ETP

3SRR

                  4,776,004

GraniteShares 3x Short Amazon Daily ETP

3SZN

                  2,713,399

GraniteShares 3X Short Facebook Daily ETP

3SFB

                  2,305,605

GraniteShares 3x Short NIO Daily ETP

3SNI

                  1,719,924

Source: GraniteShares, Bloomberg as 24th March 2022

GraniteShares offers a total of 106 exchange traded products (ETPs) listed on national exchanges in UK, France, Italy & Germany. They consist of a suite of index ETPs tracking FAANG stocks and a suite of Short and Leveraged Single Stock Daily ETPs tracking some of the most popular companies in UK US and European markets. Other product launches last year included the world’s first leveraged single stock ETP on NIO, the electric vehicle maker and distributor.

Its FAANG, GAFAM and FATANG product suite, offers long, short and 3X leveraged ETFs on FAANG, GAFAM and FATANG indices and can be traded in a single ticker symbol via ordinary brokerage accounts. FAANG consists of Facebook, Amazon, Apple, Netflix, and Google while GAFAM includes Google, Apple, Facebook Amazon, and Microsoft and FATANG covers Facebook, Amazon, Tesla, Apple, Netflix, and Google 

ETPs offer a pure way to gain exposure to top tech companies in the U.S. market. Indices are equally weighted and rebalanced quarterly.

GraniteShares suite of ETPs on FAANG stocks

Product Name Ticker

GraniteShares FAANG ETP

FANG

GraniteShares GAFAM ETP

GFAM

GraniteShares FATANG ETP

FTNG

 

Leveraged ETPs on FAANG indices

Underlying Index +3x Long -3x Short  -1x Short

FAANG

3FNG

3SFG

SFNG

GAFAM

3GFM

3SGF

SGFM

FATANG

3FTG

3SFT

SFTG

 

UK Leveraged Single Stock ETPs

Underlying stock +3x Long -3x Short

AstraZeneca

3LAZ

3SAZ

BAE Systems

3LBA

3SBA

Barclays

3LBC

3SBC

BP

3LBP

3SBP

Diageo

3LDO

3SDO

Glencore

3LGL

3SGL

Lloyds Banking Group

3LLL

3SLL

Rio Tinto

3LRI

3SRI

Royal Dutch Shell

3LRD

3SRD

Rolls-Royce

3LRR

3SRR

Vodafone

3LVO

3SVO

 

US Leveraged Single Stock ETPs

Underlying stock +3x Long -3x Short

Alphabet

3LAL

3SAL

Amazon

3LZN

3SZN

Apple

3LAP

3SAP

Facebook

3LFB

3SFB

Microsoft

3LMS

3SMS

Netflix

3LNF

3SNF

NIO

3LNI

3SNI

NVIDIA

3LNV

3SNV

Tesla

3LTS

3STS

Uber

3LUB

3SUB

 

Capital at risk

-Ends-

Notes to editors:

For further information please call Phil Anderson at Perception A on 07767 491 519 / 07983 335 021.

GraniteShares: A brief history

GraniteShares is an entrepreneurial ETP provider focused on providing professional investors with innovative, cutting-edge investment solutions. We believe the future of investing lies at the nexus of alternative thinking, low fees, and disruptive product structures—the core of our high conviction philosophy. Backed by Bain Capital Ventures, we launched our first product in 2017 and are now among the fastest growing ETP issuers with over $1.6 Billion in assets under management* spanning a full array of investment strategies.

This press release is issued by GraniteShares Limited. GraniteShares Limited (FRN 798443) is an appointed representative of Messels Limited which is authorised and regulated by the Financial Conduct Authority.

ETPs are issued by GraniteShares Financial PLC, a company incorporated in Ireland.

Investing in GraniteShares ETPs on U.S. listed stocks

Those trading GraniteShares new US leverage and inverse ETPs will not need to complete a W-8BEN form (US Department of the Treasury, Internal Revenue Service, Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting).

The ETPs can be held in self-select ISAs and SIPPs.

There is no margin requirement and losses cannot exceed the amount invested.

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