Asset managers double European short positions amid recession concerns

According to data from SEI Novus covering over €30bn in short positions from more than 150 managers, consumer discretionary stocks accounted for 54.5% of all short activity in Europe at the end of October, an increase from 17.7% in September. Accounting for 11.7% of all reported European short positions, industrial stocks were the second-most shorted sector, down from 24.5% in September. In terms of markets, Ireland was the most shorted country in October with 46.2%, followed by France with 11.7% and the United Kingdom with 10.8%. Germany overtakes UK as most shorted European marke...