April 05, 2008
Posted by stevelup
How can the "short interest" in some ETFs exceed 100% of the shares outstanding?
Today's Barrons includes a table (pg. L16) showing the short interest in certain Exchange Traded Funds or ETFs. Four ETFs have short interest exceeding 100% the shares outstanding. Short sellers in one, the SPDR Retail ETF, represent 6 times the shares outstanding! Can someone explain briefly how this works? [My head still hurts trying to figure out how the NASDAQ rallied 5% last week on so much bad news...]
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