Has Short Interest in Chevron Tumbled?
Short interest in Chevron
Short interest in Chevron (CVX) has fallen 34% in 2017, indicating that there’s been a reduction in bearish sentiments for the stock.
However, during the same period, contrary to market sentiments, Chevron’s stock price has fallen 10%.
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In the same period, the short interests in Chevron’s peers Petrobras (PBR), PetroChina (PTR), and Eni (E) have fallen 42%, 39%, and 35%, respectively. Petrobras’s, PetroChina’s, and Eni’s stocks have fallen 13%, 2%, and 2%, respectively.
If you’re looking for integrated energy sector exposure, you can consider the iShares Dow Jones US Energy Sector ETF (IYE). The ETF has ~40% exposure to the sector.