Tuesday, May 22, 2007
Short Interest Data
is out today for the NYSE, it will be released for the Nasdaq tomorrow. What stands out the most to me is the short interest in the iShares Russell 2000 (IWM), this index has been hitting new highs for the last three plus years and the index now has THE LARGEST short position of any NYSE stock (second is Ford). As of May 15, the outstanding short position is 237,133,225 shares, that is a little over 19.5 BILLION dollars short the index!! Is it fuel for the fire, or are we headed for disaster? The chart indicates further upside.