Stock message boards
MNV
Market News Video
MNV MNV 10 Stocks Crossing Below Book Value
MNV
MNV
MNV
MNV
MNV
MNV
MNV
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

The New #61 Most Shorted S&P 500 Component: CenturyLink
Friday, October 10, 3:32 PM ET, by Market News Video Staff

The most recent short interest data has been released by the NASDAQ for the 09/30/2014 ...

Aetna Becomes #206 Most Shorted S&P 500 Component, Replacing Alcoa
Friday, October 10, 3:35 PM ET, by Market News Video Staff

The most recent short interest data has been released by the NASDAQ for the 09/30/2014 ...

AET Makes Notable Cross Below Critical Moving Average
Tuesday, October 14, 11:11 AM ET, by Market News Video Staff

In trading on Tuesday, shares of Aetna Inc. (AET) crossed below their 200 day moving ...

Oversold Conditions For Aetna (AET)
Tuesday, October 14, 4:22 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

IHF, ESRX, WLP, AET: ETF Outflow Alert
Thursday, October 16, 10:52 AM ET, by Market News Video Staff

Symbols mentioned in this story: IHF, ESRX, WLP, AET Exchange traded funds (ETFs) trade just ...

  More articles:  1 2 3 4 5 6 7 next »

Aetna Inc. Becomes #69 Most Shorted S&P 500 Component, Replacing NextEra Energy Inc

By Market News Video Staff, Friday, May 10, 3:01 PM ET
Play Video: What Short Interest Means


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

The most recent short interest data has been released by the NASDAQ for the 04/30/2013 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.

In our new rank based on the most recent short interest data from NASDAQ, Aetna Inc. (NYSE:AET) has taken over the position of #69 most shorted S&P 500 component, from NextEra Energy Inc (NYSE:NEE) which is now in the #54 spot. The "days to cover" at 04/30/2013 was 5.95 for AET, and 6.54 for NEE; this compares to the average across all S&P 500 components of 3.59 (down from the average back on the 04/15/2013 settlement date of 3.82). The chart below shows the movement over time of the "days to cover" values of both AET and NEE, versus the average S&P 500 component.

Below is a chart showing the relative positions of AET versus NEE over time within the 500 S&P 500 components, with #1 representing the component with the highest "days to cover" value (most heavily shorted) and #500 representing the component with the lowest "days to cover" value (least heavily shorted):

A stock with a high "days to cover" value compared to its peers would be considered to have a higher level of short interest as compared to those peers. This could mean short sellers are using the stock to hedge a long bet elsewhere, or could also mean that short sellers believe the price of the stock will decline. When short sellers eventually cover their positions, by definition there must be buying activity because a share that is currently sold short must be purchased to be covered. So investors tend to keep an eye on that "days to cover" metric, because a high value could predict a sharper price increase should the company put out some unexpectedly good news short sellers might rush to cover positions, and if the "days to cover" number is high, it is more difficult to close those positions without sending the stock higher until the higher price produces enough sellers to generate the necessary volume.

Below is a three month price history chart comparing the stock performance of AET vs. NEE:

AET,NEE Relative Performance Chart

According to the ETF Finder at ETF Channel, AET and NEE collectively make up 3.48% of the iShares MSCI USA ESG Select Social Index Fund ETF (KLD) which is up by about 0.1% on the day Friday.

See what other ETFs contain both AET and NEE
See what other stocks are held by KLD

According to Preferred Stock Channel, there is are 7 series of preferred stock that are senior to NEE find out what they are .

At last check, AET was down about 0.5%, while NEE was off about 0.2% on the day Friday.


Top Six Most Viewed Stories This Week @ Market News Video:

This Article's Word Cloud:   Channel   Definition   Stock   about   afterLeftLabels   average   because   both   chart   chartBackgroundColor   clientId   compared   component   components   could   cover   data   date   days   fillColor   fontFace   from   gridLocation   high   higher   interest   labelColor   leftBuffer   leftLabelsEvery   metric   most   movingAverages   number   over   period   positions   price   sellers   shares   short   shorted   stock   that   time   total   value   volume   what   which   with
MNV
MNV
About Us - Advertise - Contact Us - Embedding Videos - Licensing Videos - Partners - mRSS / RSS Feed - Terms of Use - Privacy Policy - Video Widget
MNV
Home  |  Analyst News  Dividend Report  ETFs  Insider Report  Large Caps  Market Movers  Week Ahead Report  Weekly Market Wrap
MNV
MNV MNV Stock Message Boards Stock Market Definitions
MNV

Aetna Inc. Becomes #69 Most Shorted S&P 500 Component, Replacing NextEra Energy Inc | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.