September 26, 2017 / 8:12 PM / 3 months ago

Nasdaq short interest up 0.3 percent in early September

NEW YORK (Reuters) - Short interest on the Nasdaq rose 0.3 percent in the first half of September, the exchange said on Tuesday.

A view of the exterior of the Nasdaq market site in Times Square after the Nasdaq breached the 6,000 mark for the first time ever on Tuesday, in New York City, NY, U.S. April 25, 2017. REUTERS/Shannon Stapleton

As of Sept. 15, short interest rose to about 8.547 billion shares, compared with 8.523 billion shares as of Aug. 31.

Investors who sell securities ‘short’ borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference.

Shorting can also be part of a hedging strategy.

U.S. markets team

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