Short sellers boost HL and SJP positions in Woodford fallout - reports

Hargreaves and SJP are among the most shorted stocks in the FTSE 100, according to the FT, with hedge funds placing their negative positions against the firms in the wake of the suspension of the Woodford Equity Income fund (WEIF) in June and raising them since. Peter Hargreaves' firm, which had nearly 300,000 of its 1.1 million clients invested in the fund, currently faces short positions equivalent to 6.2% of its stock, according to HIS Markit data. SJP, which withdrew a £3.5bn segregated investment mandate with Woodford immediately after the WEIF suspension, has seen hedge funds sh...