The Kobeissi Letter(@KobeissiLetter):BREAKING: Short interest in the Nasdaq 100 ETF, $QQQ, is up to ~82 million shares, its highest since March 2023. Over the last several weeks, this figure has surged +18 million shares, or +28%. Year-to-date, short interest in $QQQ has nearly doubled. Meanwhile, short interest in the S&P 500 ETF, $SPY, has declined -30 million shares since March, to ~92 million shares, near its lowest in at least 5 years. By comparison, during the 2022 bear market, short interest peaked at ~90 million shares for $QQQ and ~180 million shares for $SPY. Short interest in tech is very high right now.

2026.10.30 20:52

BREAKING: Short interest in the Nasdaq 100 ETF, $QQQ, is up to ~82 million shares, its highest since March 2023. Over the last several weeks, this figure has surged +18 million shares, or +28%. Year-to-date, short interest in $QQQ has nearly doubled. Meanwhile, short interest in the S&P 500 ETF, $SPY, has declined -30 million shares since March, to ~92 million shares, near its lowest in at least 5 years. By comparison, during the 2022 bear market, short interest peaked at ~90 million shares for $QQQ and ~180 million shares for $SPY. Short interest in tech is very high right now.