Federal National Mortgage Assctn Fnni Me
While both stocks got a big boost
According to S3 Blacklight, Fannie and Freddie short sellers may have pocketed more than $100 million in profits off of the news. The firm’s proprietary S3 Short Interest Indicator suggests there was as much as $205.1 million in Fannie Mae short interest and $104.2 million in Freddie Mac short interest as of earlier this month.
Annualized borrowing fees for Fannie and Freddie have ranged between 1.5 percent and 2.0 percent so far in 2017. S3 reports short sellers jumped into both stocks following the post-election surge. Short interest in the two stocks is now sitting at all-time highs.
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