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Microsoft is the least shorted tech stock in S&P 500.

March 15, 2024

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TLDR:

Microsoft was the least shorted information technology stock in the S&P 500 in February, with only 0.66% of shares float being sold short. On the other hand, Enphase Energy was the most shorted stock with 6.96% of shares float being sold short.

  • Information technology sector saw a marginal increase in short bets in February compared to January.
  • Microsoft had the least shorted position in the S&P 500 information technology stocks.

The article analyzes the short positions in S&P 500 information technology stocks in February. The average short interest across these stocks was 1.35% in February. While the IT services industry had the highest short interest at 2.08%, Microsoft stood out as the least shorted stock with only 0.66% short interest.

Enphase Energy was identified as the most shorted stock in the sector, with 6.96% short interest. Other notable stocks with high short interest included First Solar, Western Digital, and Akamai Technologies. Microsoft, Apple, and Motorola Solutions were among the least shorted stocks in the sector.

Overall, the IT sector had shown growth in February, with the XLK ETF up 9.2% year-to-date. Despite the increase in short bets, Microsoft remained a low short position stock, indicating investor confidence in the tech giant.



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