SPY News: JPM: Record low short interest in SPY, QQQ may expose US equities to vulnerability - 20th Jun 2024, 8:29pm

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The declining short interest in SPDR® S&P 500 (NYSE:SPY) and Invesco QQQ Trust (NASDAQ:QQQ) exchange-traded funds (ETFs) to successive record lows has been supporting US equities and reducing volatility over the past year, thus serving as an implicit short volatility (vol) trade, JPMorgan strategists said in a Thursday note.

SPY and QQQ, major vehicles for placing index-level positions on US equities, have seen their declining short interest bolster US equity indices as investors gradually c...

>>> Read more: JPM: Record low short interest in SPY, QQQ may expose US equities to vulnerability
 
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