Shares of Moderna, for example, which Sears said some hedge funds had bet against, jumped 30% between Nov. 18 and Nov. 30. Prior to Nov. 18, short interest in Moderna amounted to 14.4 million shares, or 4.1% of the float, according to data from S3 Partners.
TORONTO: Omicron-fuelled market swings appear to have made November the worst month for global hedge fund performance since the virus first shut down economies at the start of the COVID-19 pandemic.
Hedge funds are down an estimated 1.6% to 2% in November, according to early data from industry research firm PivotalPath, their worst monthly performance since March 2020.
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