Short selling ETFs

We provide novel evidence that arbitrageurs use exchange-traded funds (ETFs) as an avenue to circumvent short-sale constraints at the stock level. Using a large sample of U.S. equity ETF holdings, we document that shorting activity on ETFs rises with the difficulty of shorting underlying stocks. Sto...

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Bibliographic Details
Main Authors: LI, Frank Weikai, ZHU, Qifei
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2022
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Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5315
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6314/viewcontent/SSRN_id2836518.pdf
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Institution: Singapore Management University
Language: English