The most shorted securities in the world aren’t stocks ...Middle East

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The most shorted securities in the world aren’t stocks
The strategy of short selling gained mainstream attention in the last two weeks as investors rushed to buy GameStop shares, setting off an epic short squeeze. But while a troubled company like GameStop or AMC Theatres may seem like the most obvious target for shorting, there’s an even more enticing target: exchange-traded funds.Following the ETF leadersThe SPDR S&P Biotech ETF is an industry-specific index fund with holdings among bio-technology companies. Despite a one-year return of more than 83%, the SPDR Biotech ETF had a short interest of 102% on Feb. 1, among the highest of all securities being traded on all exchanges. (An ETF can have short interest higher than 100% when the number of

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