(Bloomberg) — The S&P 500 Index is already off more than 10% from a record, but traders are betting there’s more pain to come.Short interest as a percentage of shares outstanding on the $269 billion SPDR S&P 500 ETF Trust — a rough indicator of bearish bets on U.S. stocks — surged to 7.4% this week, according to data from IHS Markit Ltd. That just about matches the highest level seen over the last five years. And with the value of short bets around $20 billion, the dollar amount wagering on the S&P 500’s demise is close to a record.Traders …read more
Source:: Yahoo Finance
