PETROFAC IS THE UK’S MOST SHORTED STOCK
Posted:Petrofac is currently the UK’s most-shorted stock with 9.93% of its stock held short by six investment companies, according to our analysis. The data shows Astaris Capital Management LLP holds the largest position at 2.51%.
The second most shorted company was online grocery retailer Ocado Group, with 6.86% of its stocks held short by six fund managers. This was followed by Diversified Energy Company and ASOS with 6.57% and 5.71% of their stock held short by seven fund managers each.
Petrofac remains the UK’s most shorted stock, signalling that investors expect further price declines. However retailers continue to dominate the list of most shorted stocks, accounting for half of the top 10, with some of the largest hedge funds and asset managers poised to profit from their falling share prices.
Shorting has long been a powerful tool in the arsenal of institutional investors, but we have seen a rise in retail traders using short ETPs like ours to navigate bearish markets. While some retreat to the sidelines, sophisticated investors see opportunity to increase their exposure and potential returns through leverage, and hedge against long positions.
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 |
| Petrofac LTD | 9.93% | 6 |
| Ocado Group PLC | 6.86% | 6 |
|
Diversified Energy Company PLC |
6.57% | 7 |
| ASOS PLC | 5.71% | 7 |
| Kingfisher PLC | 5.49% | 5 |
| Abrdn PLC | 5.10% | 5 |
|
Alphawave IP Group PLC |
4.29% | 5 |
| Boohoo Group | 4.32% | 4 |
|
Burberry Group PLC |
3.83% | 3 |
| Barratt Developments PLC | 3.67% | 5 |
Source: London Stock Exchange, updated on July 1, 2024
The analysis also revealed GLG Partners LP held the highest number of short positions on UK listed companies of any investment firms, with 42 active shorts. This was followed by Marshall Wace LLP, which held 31 active short positions.
The table shows the 10 fund managers with the highest number of short positions on companies that are listed and trading on the London Stock Exchange.
|
Fund Manager |
Number of short positions |
|
GLG Partners LP |
42 |
|
Marshall Wace LLP |
31 |
|
Qube Research & Technologies Limited |
18 |
| JPMorgan Asset Management (UK) Ltd | 14 |
| BlackRock Investment Management (UK) Limited | 13 |
| ActusRayPartners Limited | 10 |
| Citadel Advisors LLC | 9 |
| Arrowstreet Capital, Limited Partnership | 8 |
|
AQR Capital Management, LLC |
6 |
| Canada Pension Plan Investment Board | 6 |
Source: London Stock Exchange, updated on July 1, 2024
We offer a range of exchange traded products (ETPs) listed on national exchanges in the UK, France, Italy, and 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.
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