Industrials held the greatest short exposure at the end of January, at 21.25 per cent of overall European short activity by industry, overtaking consumer discretionary stocks at 17.98 per cent, which had the greatest short exposure at the beginning of the month.
Industrials held the greatest short exposure at the end of January, at 21.25 per cent of overall European short activity by industry, overtaking consumer discretionary stocks at 17.98 per cent, which had the greatest short exposure at the beginning of the month.
That’s according to the the monthly pan-European short position data for January from EI Novis, a global portfolio intelligence platform company which shows that industrials’ relative short exposure increased by 3.07 per cent, while communications services relative short exposure fell the most by 1.49 per cent over the course of the month, followed closely by materials with a relative decline of 1.43 per cent.
Marshall Wace LLP had the greatest short exposure at 14.88 per cent of total European short exposure by fund, followed by BlackRock Institutional Trust Company at 8.79 per cent and AKO Capital at 8.42 per cent.
As of 31 January, hydrogen storage and distribution company, Nel Hydrogen, has the most short managers with nine funds holding positions in the firm, followed by biopharmaceutical company, MorphoSys AG, with eight and wind turbine company, Nordex SE, with seven.
There were 427 overall positions in European stocks registered at the end of January, roughly the same level to the end of December 2021 at 430.
The UK’s short exposure climbed by 2.7 per cent – the greatest of all European countries, followed by Germany at 1.11 per cent and the Netherlands at 0.49 per cent.
The most significant new position in January was a 0.74 per cent in BAE Systems registered by BlackRock Institutional Trust Company.
