Stock Tickers: JPM, STI, USB, NCC, STT, BAC, C, WFC, BK
The short interest for MAY 2007 is out., and there is notreally any trend in the large money-center and super-regional banks sector. We noticed an increase in the regional bank ETF short interest: The KBW Bank ETF (KBE) rose from a short interest of 229,700 in April 2007 to 390,000 in May; and the Regional Bank HOLDRs Trust (RKH) saw its short interest of 2.48 million in April rise to 3.049 million in May; iShares Financial Sector Fund (IYF), 41.4% banking, saw its short interest of 263,100 in April grow to 330,600 in May.
Here is the rest of the May short interest versus April:
STOCK (Ticker) MAY07 APR07 Change
JPMorgan Chase (JPM) 28.24M 27.47M 2.7%
SunTrust Banks (STI) 7.94M 5.81M 36%
US Bancorp (USB) 25.23M 24.8M 1.46%
National City (NCC) 26.66M 22.34M 19.3%
State Street (STT) 12.44M 9.58M 29%
lower short interest…..
Bank of America (BAC) 28.72M 32.3M -11%
Citigroup (C) 32.4M 29.49M -9.0%
Wells Fargo (WFC) 35.97M 36.69M -1.9%
Bank of New York (BK) 5.04M 6.23M -19%
Jon C. Ogg
May 22, 2007
Jon Ogg can be reached at firstname.lastname@example.org; he does not own securities in the companies he covers.