> Shares short: around 37.79 million
> Change from prior period: 3.7%
> Percentage of float: 0.5
The maker of Windows, Office and the Xbox clung to in the third spot on the most shorted Dow components list, though it is something of a distant third place, and short interest was at a 52-week low last month. At the average daily volume on the latest settlement date, it would take investors more than a day to cover their short interest.
Microsoft ultimately was not the winner in the race for TikTok during the period. Short sellers watched the share price climb more than 3% but then head south and end the period more than 7% lower. It pulled back a bit more afterward. Note that the Dow ended the latter half of last month down less than 2%.
After climbing more than 1% in the past week, Microsoft stock closed trading on Thursday at $203.19 a share. That was in a 52-week range of $232.86 (seen early this month) to $132.52 (in March). The most recent share price is more than 49% higher since the year-to-date low in March, compared to a gain of more than 55% for 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 Verizon Communications Inc. (NYSE: VZ). The share price of the former, considered a safer, dividend-paying tech stock pick, pulled back almost 4% in those two weeks. The latter, seen as a safe harbor stock, had a gain of more than 2% in that time. Yet, the short interest of both shrank somewhat during the period.
On the following list of short interest changes in the Dow stocks as of September 15, note that, like Apple, Chevron, Coca-Cola and 3M saw sizable increases in their short interest. The newest components of the Dow Jones industrial average, Amgen, Honeywell and Salesforce, also had rising short interest in their first two weeks in the index.
|Dow Stock||Short (millions)||Change||% Float|
|Procter & Gamble||14.03||−2.82%||0.56%|
|Johnson & Johnson||10.29||−2.54%||0.39%|
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.