ITB is not the only sector or industry ETF that could benefit from a short-covering rally. Last week, we noted that traders had sold short a significant percentage of the iShares U.S. Telecommunications ETF’s (NYSEArca: IYZ) weight.[Telecom ETF Could be Short-Covering Play]
Last month, Goldman Sachs’ Hedge Fund Monitor report said of the 23 stocks hedge funds are most heavily short, 14 are members of the Dow Jones Industrial Average, positioning the SPDR Dow Jones Industrial Average ETF (NYSEArca: DIA) as another ETF that could get a short-covering lift. [Hedgies Short a Massive Part of Dow ETF’s Holdings]
iShares U.S. Home Construction ETF
ETF Trends editorial team contributed to this post.