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Assets

Verizon Communications (NYSE:VZ) has seen a 10.09% increase in its short percent of float since the last report, with 50.34 million shares sold short, representing 1.2% of available shares. This indicates a bearish market sentiment, although it's below the peer group average of 1.84% short interest. Short interest is a key indicator of market sentiment, and an increase suggests investors are expecting the price to fall. However, high short interest can also lead to bullish outcomes under certain conditions.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 6:30 pm

BABA

BIDU

EWH

FXI

NIO

NVDA

PDD

Chinese stocks in the U.S. market fell despite the People's Bank of China cutting the five-year prime loan rate by 25 basis points to 3.95% to support the real estate sector. The iShares China Large-Cap ETF and the iShares MSCI Hong Kong ETF saw declines, as did major Chinese companies like JD.com, Nio, Baidu, Alibaba, and PDD Holdings. The downturn was influenced by broader U.S. tech stock trends, with Nvidia experiencing a significant drop.

Portfolio Pulse from Piero Cingari

February 20, 2024 | 6:29 pm

EXPE

Expedia Group's (NYSE:EXPE) short interest has decreased by 9.15% since the last report, with 4.93 million shares sold short, representing 4.37% of its float. This decrease in short interest could indicate a more bullish sentiment towards EXPE among traders. The company's short interest is below its peer group average of 5.53%, suggesting a relatively positive outlook compared to its peers.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 6:00 pm

AMG

Affiliated Managers Group (NYSE:AMG) has seen a 7.39% increase in short interest since its last report, with 642 thousand shares sold short, representing 2.18% of its float. It would take about 3.11 days to cover these short positions based on current trading volumes. This rise in short interest could indicate a more bearish market sentiment towards AMG, although it has less short interest compared to its peer group average of 2.58%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are shorting more shares.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 6:00 pm

NVR

NVR, Inc. (NYSE:NVR) has seen a 13.92% increase in its short percent of float since the last report, with 49 thousand shares sold short, representing 1.8% of its available trading shares. This indicates a bearish sentiment among investors, although it's below the peer group average of 5.00%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 6:00 pm

ETH-USD

On Monday, 7,114.69 Ether (ETH) worth approximately $20.66 million was burned, permanently removing it from circulation. This action follows the Ethereum blockchain's EIP-1159 upgrade implemented on August 5, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% per year, expected to decrease to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -7.32% yesterday.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 6:00 pm

CLSK

CleanSpark shares are trading lower due to a decrease in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:57 pm

MARA

Marathon Digital shares are trading lower due to a decrease in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:53 pm

AEM

BAR

GDX

GLD

GOLD

IAU

NEM

Gold ETFs, including SPDR Gold Shares ETF (GLD), iShares Gold Trust (IAU), and Granite Shares Gold Shares (BAR), have experienced outflows and price declines amid expectations of U.S. interest rate changes. The VanEck Gold Miners ETF (GDX) and its top holdings, Newmont Goldcorp (NEM), Barrick Gold Corp (GOLD), and Agnico Eagle Mines Limited (AEM), have seen significant declines due to rising production costs. The outlook for gold and gold ETFs remains uncertain as investors await clues on U.S. interest rate directions.

Portfolio Pulse from Neil Dennis

February 20, 2024 | 5:39 pm

GOOG