Banking, finance, and taxes
Short Sellers Lighten Up On Online Brokers (ETFC, AMTD, SCHW)
Published:
Last Updated:
We noticed how short sellers had increased their bets against banks and financials, even if this was right at the time that the big short squeeze came via a huge market rally. But what is interesting is that the short sellers had actually been taking their bets down slightly in the online and discount brokerage firms.
Company Stock (Ticker)……………………… March 13… Change
E*TRADE Financial Corp. (ETFC)…………. 72,711,601 (-1.42%)
TD Ameritrade Holding Corp. (AMTD)….. 11,509,080 (-1.43%)
The Charles Schwab Corporation (SCHW) 33,356,727 (-3.09%)
What is interesting about the online and discount brokerage firms is that these have not risen as much as many of the leveraged banks and brokerage firms in this last rally.
JON C. OGG
March 25, 2009
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
