In February, Microsoft was the least shorted information technology stock in the S&P 500 (NYSEARCA:XLK)


In February, Microsoft was the least shorted information technology stock in the S&P 500 (NYSEARCA:XLK)

In February, the S&P 500’s information technology sector (NYSEARCA:XLK) experienced a slight increase in short bets compared to January. The average short interest across S&P 500 information technology stocks was 1.35% in February. Despite this, the information technology sector saw a YTD gain of 9.2%, outperforming the broader S&P 500, which saw an 8.5% gain.

When looking at specific stocks within the information technology sector, Enphase Energy (NASDAQ:ENPH) held the title of the most shorted stock, with 6.96% of shares float being sold short as of February 29. First Solar (NASDAQ:FSLR) followed closely behind as the second-most shorted stock, with 5.85% of shares float being shorted. Other companies with significant short interest included Western Digital (NASDAQ:WDC) at 5.75% and Akamai Technologies (NASDAQ:AKAM) at 5.31%. On the other hand, Microsoft (NASDAQ:MSFT) was the least shorted stock with only 0.66% of shares float being sold short, followed by Apple (NASDAQ:AAPL) and Motorola Solutions (NYSE:MSI) with short interest of 0.72% and 0.74% respectively.

Within the information technology sector, IT Services emerged as the most shorted industry with 2.08% short interest as of February end. Following closely behind was the Semiconductors & Semiconductor Equipment industry with 1.88% short interest. These numbers were slightly higher compared to January end, indicating an increase in short bets within these industries.

Overall, the information technology sector remains a significant player on the S&P 500 index, with fluctuations in short interest seen among specific stocks and industries within the sector.

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