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GBTC

IBIT

Bitcoin spot ETFs experienced a net outflow of $261 million, with Grayscale Bitcoin Trust (GBTC) seeing a significant outflow of $386 million, contributing to its total net outflow of $13.27 billion. In contrast, BlackRock's IBIT ETF reported a net inflow of $49.28 million, indicating a shift in investor preference within the cryptocurrency ETF space.

Portfolio Pulse from Murtuza Merchant

March 21, 2024 | 5:31 pm

RDFN

Redfin (NYSE:RDFN) has seen a 7.71% increase in its short percent of float since the last report, with 21.81 million shares sold short, representing 28.07% of its available trading shares. This indicates a bearish market sentiment towards RDFN, although it's not a definitive predictor of a price drop. Redfin's short interest is significantly higher than its peer group average of 7.09%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:16 pm

MDT

Medtronic's (NYSE:MDT) short interest has decreased by 9.76% since the last report, with 9.81 million shares sold short, representing 0.74% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 4.40%. The decrease in short interest indicates fewer traders are betting against the stock, which could be a positive sign for its short-term price movement.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:16 pm

SPR

Spirit AeroSystems Holdings (NYSE:SPR) has seen a 13.5% increase in short interest since its last report, with 12.31 million shares sold short, representing 10.68% of its float. This indicates a bearish market sentiment, although it's higher than its peer group average of 3.07% short interest. The article suggests that an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:15 pm

NKE

A significant shift in the options market for Nike (NYSE:NKE) has been observed, with a nearly even split between bullish and bearish sentiments among big-money investors. The options scanner at Benzinga detected 36 unusual trades, indicating a potential insider knowledge of upcoming developments. The trades are focused on a price range of $75.0 to $120.0 for Nike, with notable activity in both puts and calls. Nike's current market performance shows a 1.38% increase in stock price to $101.65, with a neutral RSI. Analyst ratings in the last 30 days present an average price target of $114.8, with varied recommendations from Buy to Sell.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:02 pm

NET

Deep-pocketed investors have shown a bearish sentiment towards Cloudflare (NYSE:NET), with options market activity indicating a divided mood: 45% bullish and 54% bearish. The options scanner revealed 11 unusual activities, with a price window targeted between $70.0 to $135.0. Cloudflare's current market position shows a 2.24% increase in stock price to $100.17, with a neutral RSI and an earnings announcement expected in 35 days.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 5:02 pm

LZM

Lifezone Metals has received a license from the Tanzanian government for a multi-metal processing facility at Kahama for the Kabanga Nickel Project. This development marks a significant step forward for the project, potentially impacting the project's timeline and Lifezone Metals' operations in the region.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:53 pm

NEE

Karen Firestone announced live on CNBC that her firm has added to its position in NextEra Energy (NEE).

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 4:34 pm

MHO

M/I Homes (NYSE:MHO) reported a decrease in short interest, now at 3.4% of its float, down 18.85% from the last report. With 754 thousand shares sold short, it would take about 2.58 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards MHO compared to its peers, where the average short interest is 5.87%.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 4:30 pm

VFC

VF Corporation's (NYSE:VFC) short interest has increased by 10.25% since the last report, with 29.00 million shares sold short, representing 8.39% of its float. It would take approximately 4.11 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards VF, although it's not a definitive predictor of stock price movement. VF's short interest is slightly below its peer group average of 8.80%.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 4:30 pm