S&P 500 Short Interest

S&P 500 Short Interest This chart shows that S&P 500 short interest rebounded from cycle lows (as of July 31, 2019). Image: Goldman Sachs Global Investment Research

Short Interest as % of Market Capitalization S&P 500 Median

Short Interest as % of Market Capitalization S&P 500 Median Despite the rise in the median short interest to 1.8%, the level remains relatively low, indicating that market participants hold a generally positive or cautiously optimistic view of the index’s future performance. Image: Goldman Sachs Global Investment Research

Median S&P 500 Stock Short Interest as % of Market Capitalization

Median S&P 500 Stock Short Interest as % of Market Capitalization The S&P 500’s median short interest level remains low, suggesting that market participants are generally optimistic, or at least, not strongly bearish about the future performance of the S&P 500. Image: Goldman Sachs Global Investment Research

SPDR S&P 500 ETF (SPY) Short Interest

SPDR S&P 500 ETF (SPY) Short Interest Investors are excessively bullish. Short interest on the largest S&P 500 ETF is at the lowest in two years. Image: Bloomberg