Investing

The 5 Most Shorted Dow Stocks

Microsoft

> Shares short: more than 43.13 million
> Change from prior period: 0.5%
> Percentage of float: 0.6

Microsoft remained at the third spot on the list in the latter half of June as it saw little change in the number of its shares short. It remains above the 52-week low of around 37 million shares short that occurred back in February. It would take these investors more than a day to cover their short bets, as of the close of last month.

During the period, Microsoft was seen as a top pick in the environmental, social, and governance (ESG) theme. The shares ended the two weeks trading more than 7% higher, and it continued to rise after the end of the period. The Nasdaq saw a gain of less than 4% during the short interest period.

Microsoft stock was last seen trading at $213.67 a share, after hitting a multiyear high of $216.38 last week. The 52-week low of $130.78 happened last summer. The latest share price is 34% or so higher than the low during the pandemic sell-off, about the same as the Nasdaq in that time.

And the Rest

Rounding out the top five most shorted Dow stocks on the most recent settlement date were Cisco Systems Inc. (NASDAQ: CSCO) and Visa Inc. (NYSE: V). Both the networking company and the financial services provider saw the numbers of their shares short increase marginally late last month. The former was praised for its solid dividend, while the latter saw price target hikes from both Oppenheimer and Citigroup during the period.

On the following list of short interest changes in the Dow stocks as of June 30, note that International Business Machines Corp. (NYSE: IBM) and Nike Inc. (NYSE: NKE) bucked the overall trend of short seller caution. The former moved to acquire a cybersecurity provider while the latter posted disappointing quarterly results last month.

Dow Stock Short (millions) Change % Float
Exxon 53.07 −10.18% 1.26%
Pfizer 51.49 −4.20% 0.93%
Microsoft 43.13 0.47% 0.57%
Cisco 38.99 13.36% 0.93%
Visa 35.54 8.05% 2.11%
Apple 33.96 −2.48% 0.78%
Verizon 33.62 6.26% 0.81%
Intel 33.60 −13.53% 0.79%
Disney 25.64 −10.46% 1.43%
IBM 24.24 11.49% 2.74%
Coca-Cola 24.22 0.64% 0.57%
JPMorgan 20.04 −14.74% 0.66%
Walgreens 18.24 −0.25% 2.53%
Dow 16.52 −1.97% 2.23%
Merck 14.88 2.19% 0.59%
Procter & Gamble 14.88 −10.46% 0.60%
Walmart 13.05 −7.04% 0.94%
Raytheon Technologies 13.63 −16.09% 1.58%
Chevron 12.50 −23.80% 0.67%
Johnson & Johnson 12.78 −7.12% 0.49%
Boeing 12.10 0.41% 2.17%
Nike 11.46 12.26% 0.95%
American Express 10.18 −7.32% 1.27%
Home Depot 7.39 −16.49% 0.69%
Caterpillar 7.26 −18.14% 1.34%
3M 6.47 6.22% 1.13%
McDonald’s 6.00 −6.09% 0.81%
UnitedHealth 5.56 −9.27% 0.59%
Travelers 5.31 2.12% 2.11%
Goldman Sachs 4.24 −14.68% 1.29%


Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.