$30bn at stake as Big Tech Shorts left with their shorts down

The Big tech mega-rally that doesn’t appear to want to slow down any time soon is causing a major headache for short traders on the equity futures market. Investors use equity futures to lock in prices for buying or selling equity indices or stocks to hedge against potential price movements that would be unfavourable to their investment positions. They are also used to speculate on the direction of future market movements to make a profit. But speculators who have placed their bets on a retraction of the US ...