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Nasdaq short interest up 0.5 percent in late April
May 9, 2017 / 8:13 PM / 4 months ago

Nasdaq short interest up 0.5 percent in late April

A view of the exterior of the Nasdaq market site in Times Square after the Nasdaq breached the 6,000 mark for the first time ever on Tuesday, in New York City, NY, U.S. April 25, 2017. REUTERS/Shannon Stapleton

NEW YORK (Reuters) - Short interest on the Nasdaq rose 0.5 percent in the second half of April, the exchange said on Tuesday.

As of April 28, short interest rose to about 8.221 billion shares, compared with 8.18 billion shares as of April 13.

Investors who sell securities ‘short’ borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference.

Shorting can also be part of a hedging strategy.

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