ASX caught in billion-dollar short squeeze as hedge funds shuffle bets
Joshua PeachMarkets reporter
Hedge funds exited just shy of $1 billion in short positions in the final days of February as speculators closed out bets against beaten-up lithium and nickel stocks.
Instead, they shifted their short positions to some of the largest names on the ASX, including Commonwealth Bank and iron ore majors Rio Tinto and BHP Group.
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