Hedge funds poured nearly $1.7 billion into bets against some top technology stocks since the market's sell-off began in earnest on Monday.
Investors added $1.7 billion into short-selling positions on Monday and Tuesday, according to estimates from Ihor Dusaniwsky, S3 Parnters′s head of predictive analytics.
Shorts against Apple brought in mark-to-market profits just over $300 million in the last two days as the stock dropped 5.2%.Hedge funds are upping their bets against some of the biggest technology stocks.
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