Nasdaq short interest down 1.1% in late October
QQQ•Nasdaq short interest fell 1.1% in the second half of October to about 22.901 billion shares on Oct. 30, from 23.156 billion on Oct. 15.
1. Short interest declines
Short interest on the Nasdaq fell 1.1% in the second half of October, the exchange said. It stood at about 22.901 billion shares as of Oct. 30, down from 23.156 billion as of Oct. 15.
2. How short selling works
Investors who sell securities short borrow shares and sell them, expecting the price to fall so they can buy the shares back at a lower price and return them to the lender. Shorting can also be part of a hedging strategy.
