We have over 3% of shares shorted in the market before the large short orders this week, that means over 50,000,000 SXY shares are shorted in the market ( we have less than 3,000,000 traded daily) for an almost fully guaranteed growth company. It is a big deal, and we shall see them come home for Sunday roast one day. Hopefully before August.
This is clearly a manipulative play rather than fundamental investing, wonder the short were coming from the 50 mil shares transfer from a few months ago. ? From JP Morgan team perhaps.