Nasdaq Short Interest Increased by 2.02% in Mid-August Compared to Late July

Short Interest Increase: Short interest on the Nasdaq rose by 2.02% in mid-August, reaching approximately 16.93 billion shares as of August 15.

Comparison to Previous Month: This increase is from 16.59 billion shares reported at the end of July.

Understanding Short Selling: Investors engage in short selling by borrowing shares, selling them, and hoping to buy them back at a lower price for profit.

Hedging Strategy: Shorting can also serve as a strategy for hedging against potential losses in other investments.