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GraniteShares Analysis reveals top 10 most shorted UK stocks

GraniteShares: Analysis reveals top 10 most shorted UK stocks and most active fund managers for shorting.

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New analysis from ETF provider GraniteShares,reveals that as of 15th April 2021, Cineworld Group, the world’s second-largest cinema chain, was the most shorted UK listed company.

Some 7.1% of its stock was held short by six investment firms, with New Holland Capital LLC the largest short position with 2.42% of the company’s shares.

The next most shorted UK listed companies were Sainsbury (J) Plc, Tullow Oil Plc, Hammerson Plc and Echo Energy Plc where the respective short positions were 7%, 6.9%, 6.7% and 6.1% respectively. The table shows the largest ten short positions in companies that are listed and trading on London Stock Exchange.

Company Percentage of stock held short Number of funds shorting the stock 
Cineworld Group 7.1% 6
Sainsbury (J) Plc 7% 5
Tullow Oil Plc 6.9% 5
Hammerson Plc 6.7% 5
Echo Energy Plc 6.1% 1
Petropavlovsk Plc 5.6% 2
Petrofac Ltd 5.5% 5
Trainline Plc 4.6% 7
WM Morrison Supermarkets 4.5% 3
Domino’s Pizza Group Plc 4.4% 6

Source: London Stock Exchange, updated on 15 April 2021

Among the stocks tracked by GraniteShares ETPs, Vodafone Group is the 30th most shorted stock, with two fund managers holding short positions representing 2.1% of the outstanding stock. In terms of which fund managers had the most short positions on UK listed companies, the analysis reveals GLG Partners LP had the highest number with 21.  This was followed by BlackRock Investment Management (UK) Limited, Marshall Wace LLP, AQR Capital Management LLC and Jupiter Investment Management Limited with 14, 13, 11 and 11 short positions respectively.

Fund Manager Number of short positions 
GLG Partners LP 21
BlackRock Investment Management (UK) Limited 14
Marshall Wace LLP 13
AQR Capital Management LLC 11
Jupiter Investment Management Limited 11
Citadel Europe LLP 7
Ennismore Fund Management Limited 6
AKO Capital LLP 5
Gladstone Capital Management LLP 5
JPMorgan Asset Management (UK) Ltd 4

Source: London Stock Exchange, updated on 15 April 2021

Will Rhind, Founder and CEO of GraniteShares, said: “Over the past 12 months, we have seen some of the highest levels of market volatility for years, with continuation of the Covid-19 crisis and investors betting against companies with business models most at risk.  The recent activity in Gamestop and other shorted names captures the current trend for democratization of finance with individual investors being able to pursue similar strategies as hedge funds and other professional investors.

“As such, we have seen a significant increase in sophisticated investors looking to short popular UK and US stocks. In the first quarter of this year, $295 million was traded through our products, which represents approximately a 40% increase on the $209 million traded in the last quarter of last year.”

GraniteShares offers a number of 3x leveraged, 1x short and 3x short ETPs on FTSE 100 and S&P 500 stocks listed on the London Stock Exchange. They cover popular US tech stocks, but also a selection of FTSE 100 companies.

GraniteShares Short and Leveraged Single Stock Daily ETPs on UK companies

Underlying stock +3x Long -3x Short  -1x Short
NIO 3LNI 3SNI
FAANG 3FNG 3SFG  SFNG
GAFAM 3GFM 3SGF  SGFM
FATANG 3FTG 3SFT  SFTG
AstraZeneca 3LAZ 3SAZ
BAE Systems 3LBA 3SBA
Barclays 3LBC 3SBC
BP 3LBP 3SBP
Diageo 3LDO 3SDO
Glencore 3LGL 3SGL
Lloyds Banking Group 3LLL 3SLL
Rio Tinto 3LRI 3SRI
Royal Dutch Shell 3LRD 3SRD
Rolls-Royce 3LRR 3SRR
Vodafone 3LVO 3SVO

GraniteShares Short and Leveraged Single Stock Daily ETPs on US technology companies

Underlying stock +3x Long -3x Short
Alphabet 3LAL 3SAL
Amazon 3LZN 3SZN
Apple 3LAP 3SAP
Facebook 3LFB 3SFB
Microsoft 3LMS 3SMS
Netflix 3LNF 3SNF
NVIDIA 3LNV 3SNV
Tesla 3LTS 3STS
Uber 3LUB 3SUB

Source: ETFWorld.co.uk

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