Bloomberg has recently created an index of US Restricted Short Sell stocks that measures the performance of stocks on the SEC's "No Short" list. As shown below, the index rose sharply (11.82%) on the first day of trading following the implementation of the short ban. Yesterday, the index declined by 6.3%, however, and it's down another 25 bps today. It will be interesting to follow this index over the next couple of weeks, and especially after the ban is eliminated on October 2nd.
No comments:
Post a Comment