Bets against the information technology sector, which holds the highest weightage on the S&P, fell lower in June compared to May, with HP (HPQ) being the most shorted stock, and Trimble (TRMB) taking the spot for the least shorted.
Average short interest across S&P500 information technology stocks was 1.45% of shares float in June, down from 1.56% in May.
The S&P500’s information technology sector (NYSEARCA:XLK) is up over 21.67% so far this year, compared to the ~18% rise in the broader market.
Stocks with the largest and least short positions
Ranked by short interest as a percentage of shares float
HP (HPQ) was the most shorted information technology stock, with 12.2M shares sold short as of June 30, or 12.8% of the shares float.
Enphase Energy (ENPH) was the second-most shorted information technology stock at 10.43% shares float, followed by Super Micro Computer (SMCI) with short interest of 8.22% and Western Digital (WDC) with 7.37%.
Trimble (TRMB) is the least shorted stock with 1.7M shares sold short of 0.69% of the shares float, followed by Oracle (ORCL) with 0.83% and Apple (AAPL) with 0.86%.
Industry Analysis
Average short interest as a percentage of floating shares
Electronic Manufacturing Services, consisting of only Jabil (JBL), was the most shorted industry within the information technology sector with 5.07% short interest in June, up from 3.14% in May.
IT Services was the second most shorted industry with 2.29% short interest as of June 30, compared to 2.26% at the end of May 31.
Technology Hardware, Storage & Peripherals was the least shorted industry in the sector with 1.18% short interest as of June 30.