Copyright Bloomberg
Short sellers have begun taking profits from a wager against some of the largest private credit lenders in the US after their share prices were roiled by concerns about valuations in the wider credit market. Wagers against the 10 biggest publicly-traded business development companies netted more than $127 million in the last 30 days meaning “shorts have made all of their year-to-date profit” in that time, according to a report published on Tuesday by S3 Partners LLC and seen by Bloomberg News. The bets were up 8.7% in the period, the report said.
