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By Market News Video Staff, Monday, October 25, 10:08 AM ET
There are 7,884,900 shares short of the iShares Nasdaq Biotechnology Index Fund (NASDAQ:IBB) according to data provided to ETFChannel.com from ShortSqueeze.com on ETFChannel's Most Shorted ETFs toplist.
With 15.8 million shares outstanding, this means that 46.79% of IBB shares are shorted, making it the 15th most shorted ETF that ETFChannel covers.
Top holdings of this ETF include Amgen (NASDAQ:AMGN), Teva Pharmaceuticals (NASDAQ:TEVA), Celgene (NASDAQ:CELG) and Gilead Sciences (NASDAQ:GILD).
It would take approximately 10.7 days for shorts to cover the shorted shares of IBB.
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