Financial Stocks See Short Sellers Reduce Bets as Fed Cuts Rates
Short sellers have reduced their wagers against financial stocks, reaching the lowest levels since early this year. This trend follows the Federal Reserve’s commitment to easing monetary policy by lowering interest rates. At the end of October, the short interest in the financial sector, which includes banks, insurance companies, and brokers, fell to 1.98%. This action signifies a shift in market sentiment where investors are becoming more optimistic about the outlook for financial stocks amidst changes in fiscal policy.
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