Investors who bet on falling US stocks made billions during the fall of the S&P 500, which plunged 29% in a single month.
According to data from S3 Partners, short traders posted gains of approximately $ 344 billion (R $ 1.7 billion) in the period between February 19 and March 19.
The month also saw the total number of shares sold jump by around $ 41 billion, as market volatility increased and fueled the biggest losses in a day since 1987.
Short selling is the term used for investors who borrow shares to buy them later at a cheaper price. The more the value of an asset falls, the more the investor profits from its operation.
The technology sector had the biggest jump in short sales in the period, according to S3, with an increase of $ 3.94 billion in missing shares.
According to a report by Business Insider, the US bull market ended on March 12, after fears of the coronavirus and an oil price war brought shares down more than 20%.
Buy Bitcoin and other cryptocurrencies at the safest broker in Brazil. Register and see how simple it is, visit: