Bets against the S&P 500 Technology sector rise in November
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Investors increased their bets in November against the information technology sector, which holds the highest weightage on the S&P, with an average short interest of 1.75%, up from 1.72% at the end of October.
Short-interest rose in the sector last month, with Super Micro Computer (SMCI) continuing to claim its place as the most shorted stock, while Trimble (TRMB) took the spot this month for the least shorted stock in the sector.
The S&P 500’s information technology sector (NYSEARCA:XLK) is up more than 25% so far this year, compared to the over 27% rise in the broader benchmark index.
Ranked by short interest as a percentage of shares float
Super Micro (SMCI) continued to be the most shorted stock in the information technology sector in November, with a short interest of 15.96%, followed by Enphase Energy (ENPH) at 14.76%, and Skyworks Solutions (SWKS) at 7.06%.
Trimble (TRMB) was the least shorted stock in the sector last month, with 2.06 million shares sold short, or 0.85% of its share float, preceded by Microsoft (MSFT) and Motorola Solutions (MSI), with short interest of 0.86% and 0.89% respectively.
Industry Analysis
Average short interest as a percentage of floating shares
Electronic Manufacturing Services continued to be the most shorted industry within the information technology sector, with 2.55% short interest in November, down from 2.85% in October.
IT Services was the second most shorted industry with 2.40% short interest as of November 30, compared to 2.31% at the end of October.
Electronic Equipment, Instruments & Components was the least shorted industry in the sector this month as well, with a short interest of 1.26%.