Short Sellers Retreat as Short Interest in Major ETFs Declines

The Kobeissi Letter posted on X. Short sellers are retreating as short interest in major ETFs reaches historic lows. The short interest as a percentage of shares outstanding on the S&P 500 ETF ($SPY) has decreased to approximately 9%, marking one of the lowest levels in eight years. Similarly, the short interest in the Nasdaq 100 ETF ($QQQ) has fallen to around 6%, the lowest since at least 2018 source: https://www.binance.com/en/square/post/35918435285617?utm_source=BinanceNewsRSS