The long / short report

The long / short report provides a geographic analysis of the long/short market by sector, using S&P Global Market Intelligence's securities finance short interest data.

Highlights from September's report include:

Global Equities

Consumer Services continued to be the most shorted sector across global equities throughout the month, with short interest rising by 6 basis points. This was followed by Utilities (+3 bps) and Consumer Durables (+2 bps). Conversely, the largest declines in short interest were observed in Healthcare (-5 bps), Automobiles (-3 bps), and Media and Entertainment (-2 bps).

US Equities

The average short interest across US equities increased to 83 basis points over the month.  The largest increases in were seen across Real Estate (+9bps), Utilities (+7bps) and Capital Goods (+6bps). 

 APAC Equities

The average short interest across APAC equities remained at 70 basis points over the past month.  Increases in short interest were seen across Household and Personal Products (+23bps), Utilities (+16bps) and Trasport (+8bps).  The largest decreases were seen across Semiconductors (-12bps), Food and Beverage (-8bps) and Banks (-7bps).

 EMEA Equities

The average short interest across EMEA equities remained at 16 basis points over the month.  Short sentiment remained muted across the majority of sectors with the only increases being seen across Consumer Durables (+2bps), Transport (+1bps) and Consumer Services (+1bps).

Fixed Income

Utilization decreased by 50bps across the government bond markets and increased by 4bps across corporate bonds.

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