The long / short report September 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 September's report include:

Global Equities

Short interest climbed across global equities during the month with significant increases seen across REITs (+22bps), Commercial Services (+9bps) and Utilities (+7bps) sectors. The largest decreases in short interest were seen across the Semiconductor and Semiconductor Equipment (-5bps) and the Consumer Services (-5bps) sectors.

US Equities

Average short interest increased to 79bps during the month, across US equities. Short interest increased the most across REITs (+27bps) and the Commercial and Professional services (+16bps) sectors. The largest declines were seen across the Household and Personal Products (-3bps) and the Automobile (-2bps) sectors.

Asian Equities

Average short interest across APAC equities climbed to 71bps during the month, up from 66bps during August. Short interest increased the most across the Consumer Staples (+8bps), Automobile (+8bps) and the Utilities (+7bps) sectors with the largest decreases being seen across the Semiconductor and Semiconductor Equipment (-21bps) and Consumer Discretionary (-4bps) sectors.

EMEA Equities

Average short interest across European equities remined unchanged at 17bps during the month. As seen throughout the year so far, short interest remained muted across the region although there were more increases than decreases when looking across all sectors. The increases in short interest during the month were seen across the Real Estate Management and Development sector (+4bps), the Telecoms sector (+2bps) and the Commercial Services sector (+2bps).

Fixed Income

Utilization decreased by 57bps across the government bond markets, and increased by 9bps 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.