Over the past month, short interest increased across global equities and APAC equities. Across fixed income assets, government bond utilization decreased by 2 basis points (bps) month-on-month (mom) and corporate bond utilization decreased by 5bps (value of implied short positions vs value of institutional longs).
- Global equities short interest increased by 14bps over the month. REITs, financial services and transport remained the most shorted sectors.
- Across North American equities, short interest decreased by 8bps over the month. The largest increase in short interest was seen across the consumer durables sector.
- Short interest across equities in the APAC region increased to 0.72% during the month. Short interest increased across the automobile and componenents (+24bps) and the pharmaceutical (+16bps) sectors.
- Across Europe, Middle East and Africa (EMEA), short interest declined to 18bps. The most shorted sector by far was the real estate and property management.