Betting against the so-called FANG stocks has been an exercise in futility this year.
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Traders are losing billions betting against some of America's most popular companies (FB, AAPL, NFLX, GOOGL)
Betting against the so-called FANG stocks has been an exercise in futility this year, with short sellers losing $3.3 billion.
Short sellers targeting S3 Partners.
Wagering on share weakness in the FANGs was always going to be an uphill climb for traders. The companies have been an indispensable pillar of the bull market for the past eight years, with the group surging more than four times the S&P 500 index's 253% increase over the period. The group has climbed 24% in 2017 alone, again more than quadruple the benchmark's return.
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