Tomorrow's Business Press Release of the day - Most shorted UK listed companies: Analysis reveals top 10 most shorted UK stocks and most active funds managers for shorting

Most shorted UK listed companies: Analysis reveals top 10 most shorted UK stocks and most active funds managers for shorting

ANALYSIS REVEALS TOP 10 MOST SHORTED UK STOCKS AND MOST ACTIVE FUND MANAGERS FOR SHORTING

New analysis (1) from ETP provider GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on popular UK and US stocks, reveals that as of 12th July 2021, Cineworld Group, the world's second-largest cinema chain, was the most shorted UK listed company. Some 7.5% of its stock was held short by six investment firms, with New Holland Capital LLC the largest short position with 2.42% of the company’s shares.

The next most shorted UK listed companies were Sainsbury (J) Plc, Petropavlovsk Plc, Hammerson Plc and Domino’s Pizza Group Plc where the respective short positions were 6.9%, 6.2%, 5.8% and 4.8% respectively. The table shows the largest ten short positions in companies that are listed and trading on the London Stock Exchange.

Company Percentage of stock held short Number of funds shorting the stock

Cineworld Group 7.5% 6

Sainsbury (J) Plc 6.9% 6

Petropavlovsk Plc 6.2% 3

Hammerson Plc 5.8% 5

Domino’s Pizza Group Plc 4.8% 7

Network International

Holdings Plc 4.1% 4

Tullow Oil Plc 4.0% 3

Metro Bank Plc 3.6% 2

Ultra Electronics Hldgs Plc 3.6% 1

Wood Group (John) Plc 3.6% 4

Source: London Stock Exchange, updated on 12th July 2021

Among the stocks tracked by GraniteShares ETPs, Vodafone Group is the 38th most shorted stock, with two fund managers holding short positions representing 1.5% of the outstanding stock.

In terms of which fund managers had the most short positions on UK listed companies, the analysis reveals GLG Partners LP had the highest number with 18. This was followed by BlackRock Investment Management (UK) Limited, Jupiter Investment Management Limited, Marshall Wace LLP, and AQR Capital Management LLC with 11, 11, 11 and 10 short positions respectively.

Fund Manager Number of short positions

GLG Partners LP 18

BlackRock Investment Management (UK) Limited 11

Jupiter Investment Management Limited 11

Marshall Wace LLP 11

AQR Capital Management LLC 10

Citadel Europe LLP 9

JPMorgan Asset Management (UK) Ltd 9

Ennismore Fund Management Limited 8

Gladstone Capital Management LLP 6

Millennium International Management LP 5

Source: London Stock Exchange, updated on 12th July 2021

Will Rhind, Founder and CEO of GraniteShares, said: “Shorting stocks used to be the exclusive pursuit of institutional investors, but sophisticated individual investors are now increasingly doing this. The value of funds invested in our 3x short single stock ETPs listed on the London Stock Exchange was around $35m million on December 1st 2020, but this increased to around $140m by July this year.

“There is still a high degree of market uncertainty around the Covid-19 pandemic, and the strength of the global economic recovery, which is contributing towards a more attractive environment for shorting certain stocks.”

The five most popular 3x short single stock GraniteShares ETPs currently are:

Top five GraniteShares single stock 3x short ETPs Value of funds invested in ETP

GraniteShares 3x Short Tesla Daily ETP

(3STS) $53m

GraniteShares 3x Long Tesla Daily ETP (3LTS)

$33m

GraniteShares 3x Long Rolls-Royce Daily ETP

(3LRR)

$12m

GraniteShares 3x Long NIO Daily ETP (3LNI)

$10m

GraniteShares 3x Long BP Daily ETP (3LBP) $5m

Source: Graniteshares, Bloomberg as of 12th July 2021

GraniteShares currently offers 54 exchange traded products (ETPs) listed on the London Stock Ex-change. They consist of a suite of index ETPs tracking FAANG stocks and a suite of Short and Lever-aged Single Stock Daily ETPs tracking some of the most popular companies in UK and U.S. markets.

Its FAANG, GAFAM and FATANG product suite, offers long, short and 3X leveraged ETFs on FAANG, GAFAM and FATANG indices and can be traded in a single ticker symbol via ordinary brokerage accounts. FAANG consists of Facebook, Amazon, Apple, Netflix, and Google while GAFAM includes Google, Apple, Facebook Amazon, and Microsoft and FATANG covers Facebook, Amazon, Tesla, Apple, Netflix, and Google

ETPs offer a pure way to gain exposure to top tech companies in the U.S. market. Indices are equally weighted and rebalanced quarterly.

GraniteShares suite of ETPs on FAANG stocks

Product Name Ticker

GraniteShares FAANG ETP FANG

GraniteShares GAFAM ETP GFAM

GraniteShares FATANG ETP FTNG

GraniteShares Short and Leveraged ETPs on FAANG stocks

Underlying Index +3x Long -3x Short -1x Short

FAANG 3FNG 3SFG SFNG

GAFAM 3GFM 3SGF SGFM

FATANG 3FTG 3SFT SFTG

GraniteShares Short and Leveraged Single Stock Daily ETPs on UK companies

Underlying stock +3x Long -3x Short

AstraZeneca 3LAZ 3SAZ

BAE Systems 3LBA 3SBA

Barclays 3LBC 3SBC

BP 3LBP 3SBP

Diageo 3LDO 3SDO

Glencore 3LGL 3SGL

Lloyds Banking Group 3LLL 3SLL

Rio Tinto 3LRI 3SRI

Royal Dutch Shell 3LRD 3SRD

Rolls-Royce 3LRR 3SRR

Vodafone 3LVO 3SVO

GraniteShares Short and Leveraged Single Stock Daily ETPs on US technology companies

Underlying stock +3x Long -3x Short

Alphabet 3LAL 3SAL

Amazon 3LZN 3SZN

Apple 3LAP 3SAP

Facebook 3LFB 3SFB

Microsoft 3LMS 3SMS

Netflix 3LNF 3SNF

NIO 3LNI 3SNI

NVIDIA 3LNV 3SNV

Tesla 3LTS 3STS

Uber 3LUB 3SUB

Capital at risk

-Ends-

14th July 2021

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