Instant Alert: Hedge funds are betting billions that these 17 stocks are going to implode

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Hedge funds are betting billions that these 17 stocks are going to implode

by Andy Kiersz on Nov 24, 2017, 9:05 AM

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One way hedge funds make money is by betting against stocks that they see running into trouble. 

To get a sense of some likely targets of those funds, Goldman Sachs puts together a quarterly Very Important Short Position list of S&P 500 stocks that are being heavily bet against, based on the dollar value of overall outstanding short interest on those stocks.

Here are the 17 stocks Goldman identified with at least $2 billion in short interest:

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17. Public Storage

Ticker: PSA

Subsector: Specialized REITs

Year-to-date total return: -2%

Value of short interest: $2.0 billion



16. General Electric

Ticker: GE

Subsector: Industrial Conglomerates

Year-to-date total return: -42%

Value of short interest: $2.0 billion



15. Costco

Ticker: COST

Subsector: Hypermarkets & Super Centers

Year-to-date total return: 12%

Value of short interest: $2.3 billion



See the rest of the story at Business Insider


 
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