The rising short interest in oil companies implies that the worst for oil is yet to come. Data from Markit shows that short exposure in energy sector of S&P 500 (INDEXSP:.INX) is still looming close to the highest mark of the year. On Tuesday, shorts accounted for 3.25% of shares in energy companies. At the beginning of the year, only 1.7% of energy sector shares were out on loan according to a report from WSJ. Shares of oil majors fall Meanwhile, a few major names in the energy sector have been hammered over the last week or two. Exxon Mobil Corporation (NYSE:XOM), a favorite…
Lansdowne, Man Group, Other Hedge Funds Profit From Shorts In Oil
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.