The Long / Short report August 2024

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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 July's report include:

Global Equities

Short interest climbed across global equities during the month with significant increases seen across the Automobile (+13bps), REITs (+11bps) and Consumer Durables (+11bps) sectors. The largest decreases were seen across Financial Services (-10bps) and the Real Estate Management and Development (-4bps) sectors.

US Equities

Average short interest decreased to 77bps during the month, across US equities. Short interest increased the most across REITs (+6bps) and the Household and Personal Products (+8bps) sectors. The largest declines were seen across the Financial Services (-15bps) and the Automobile (-9bps) sectors.

Asian Equities

Average short interest across APAC equities climbed to 66bps during the month from 59bps during July. Short interest increased significantly across the Semiconductor and Semiconductor Equipment sector (+15bps) during the month but fell across the majority of other sectors with the largest decreases being seen across the Real Estate Management and Development (-11bps) and Materials (-23bps) sectors.

EMEA Equities

Average short interest across European equities increased to 17bps during August, up from 16bps during July. Changes in short interest remained modest during the month across all sectors with the largest movements being seen in the Real Estate Management & Development sector (-6bps) and consumer durables (+3bps).

Fixed Income

Utilization decreased by 13bps across the government bond markets, and increased by 19bps across corporate bonds.

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This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.