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Short selling saw a significant increase in the tech sector during the second quarter, with short sellers losing nearly $16 billion on Nvidia, Apple, and Tesla alone. Despite the S&P 500's rise, short sellers made $10 billion in paper profits, offsetting losses with wins in healthcare and industrial sectors.
Shorts are piling more than $7bn into bets that MicroStrategy and Coinbase will tank — but they’re losing millions on Nvidia https://t.co/YtrWPTflyR
Short Sellers Gained $10 Billion in Second Quarter Despite S&P 500 Rally Short sellers, who borrow and then sell stocks in a bid to make money from price declines, amassed $10 billion in second-quarter paper profits, according to data from S3 Partners LLC. Paper earnings from… https://t.co/SwPcHeQlZT
Short Sellers Gained $10 Billion in Second Quarter Despite S&P 500 Rally Contrarian traders offset megacap-tech losses with other wins Health care and industrial sector short bets paid off https://t.co/2jwtck9eIo
