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Who Saw It Coming? Short Sellers Were Out Front of Bank Upheaval

Short sellers pushed bearish interest in the $2.2 billion SPDR S&P Regional Banking ETF to 78% of shares outstanding on March 3, triggering slump across bank sector.

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  • Short sellers pushed bearish interest in the $2.2 billion SPDR S&P Regional Banking ETF to 78% of shares outstanding on March 3.
  • Short interest in biggest regional bank ETF hit 78% on March 3.
Who Saw It Coming? Short Sellers Were Out Front of Bank Upheaval
While this week’s bank-stock drama blindsided most of the market, at least one corner of Wall Street spied trouble ahead.
BloombergSam Potter

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