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Betting against the FTSE 100 netted traders €418 million in September. These are the top 5 most and least profitable short sells last month

Betting against the FTSE 100 netted traders €418 million in September. These are the top 5 most and least profitable short sells last month

Financial market figures are shown on big screens and a ticker in the main entrance at London Stock Exchange
Chris J Ratcliffe/Getty Images




Short sellers made a profit of £418 million across London's entire FTSE 100 index in September, according to recent analysis from Ortex Analytics, a global financial analytics company.




This marked a turnaround frm August, when short sellers lost £420 million. Short selling typically has a high risk/reward ratio, an investor can secure significant profits, but also end up with infinite losses, if they are not careful.




"At the time, we predicted that the pendulum may swing back the other way in September and that's exactly what we've seen, as short sellers continue to profit from the uncertainty surrounding the pandemic," Peter Hillerberg, co-founder of Ortex Analytics, said in a press release.




Ortex Analytics lists the 5 most profitable and 5 least profitable short sells for September.




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Short sellers made a profit of A?418 million across the entire FTSE 100 index in September, according to recent analysis from Ortex Analytics, a global financial analytics company.The FTSE 100 was one of the worst-performing major indices in Europe in September, as a surge in cases of COVID-19 and tighter restrictions on movement, coupled with renewed concern over Brexit, hit UK assets harder than most regional markets. The index fell 2%, compared with a 1.6% fall in the euro zone Stoxx 50.The FTSE tracks the 100 largest companies on the London Stock Exchange with the highest market capitalization. Overall, short sellers made a profit on 53 out of the 100 companies in the index.
Betting against the FTSE 100 netted traders €418 million in September. These are the top 5 most and least profitable short sells last month

FTSE 100 index on October 7
Business Insider Markets
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