Wall Street’s Next Short Squeeze Could Be In Energy Stocks
Submitted by Silverlight Asset Management, LLC on February 17th, 2021
If energy stocks are heavily shorted, does that spell opportunity?
So far in 2021, WTI crude oil is up 22% and the Energy Sector SPDR ETF (XLE) has gained 18%—both outpacing the S&P 500’s 4.9% return. However, investor positioning shows most investors are not capitalizing on energy’s recent outperformance.