Global X Cannabis ETF (POTX) Short Interest Ratio & Short Volume

Short interest is the volume of Global X Cannabis ETF shares that have been sold short but have not yet been closed out or covered. As of January 15th, traders have sold 14,000 shares of POTX short. Learn More on Global X Cannabis ETF's current short interest.

Global X Cannabis ETF saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 14,000 shares, a drop of 60.3% from the previous total of 35,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Global X Cannabis ETF: First Trust Dow Jones International Internet ETF (0.17%), Global X Blockchain & Bitcoin Strategy ETF (0.62%), Carbon Collective Climate Solutions U.S. Equity ETF (0.95%), Guru Favorite Stocks ETF (0.01%), Proshares Equities For Rising Rates ETF (2.33%), Global X Thematic Growth ETF (0.06%), Procure Space ETF (0.07%), Martin Currie Sustainable International Equity ETF (0.00%), Democratic Large Cap Core ETF (0.95%), iShares ESG MSCI EM Leaders ETF (0.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.10 billion), General Motors ($3.90 billion), Charter Communications, Inc. ($3.31 billion), Occidental Petroleum Co. ($2.91 billion), Tractor Supply ($2.75 billion), Moderna, Inc. ($2.44 billion), Coinbase Global, Inc. ($2.10 billion), United Rentals, Inc. ($2.09 billion), Royal Caribbean Cruises Ltd. ($2.03 billion), and Rivian Automotive, Inc. ($1.89 billion). View all of the most shorted stocks.

Short selling POTX is an investing strategy that aims to generate trading profit from Global X Cannabis ETF as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Global X Cannabis ETF occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of POTX, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including POTX, twice per month. The most recent reporting period available is January, 15 2024.