FYI: A short squeeze that helped push U.S. stocks to their best week of the year wasn’t confined to equities. Junk bonds are experiencing it too.
Short interest as a percentage of shares outstanding on the iShares iBoxx High Yield Corporate Bond ETF, known as HYG, jumped to an all-time high at the start of June, according to data from IHS Markit Ltd. Since then, those bearish bets have unraveled at the fastest pace in three years as record amounts of cash enter the $15.8 billion ETF, Bloomberg data show.
Regards,
Ted
https://www.fa-mag.com/news/short-squeeze-fuels-junk-bond-etf-jump-after-record-bearish-bets-45417.html?print
