Hedge funds drop short trades on U.S. regional banks - Goldman - Yahoo Finance

TL;DR

financial services companies including banks, trading firms and those working in capital markets were among the most sought-after stocks in the week ended Sept. regional banks comprised of hedge funds buying back stock that was borrowed for the purpose of short bets, or so-called short covering, Goldman said. The sector often includes companies such as larger banks, savings and loans, asset management companies, credit services and investment brokerage firms

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