Shorting EWI @ $24.03
5% position
I was hunting for a single stock to short with a 2% position and figured why not short an ETF at 5%?
This brings me from 1%+ long to ~4% short - a much more comfortable positioning.
EWI is the Italian equity ETF. Italy is a country that relies on tourism.
I would short Brazil, where cases are skyrocketing, but the commodity-centric nature of their economy gives me pause if and when inflation returns, globally.
So Italy gets the call today. It's on a short leash and could be covered quickly if a better idea pops up.
5% position
I was hunting for a single stock to short with a 2% position and figured why not short an ETF at 5%?
This brings me from 1%+ long to ~4% short - a much more comfortable positioning.
EWI is the Italian equity ETF. Italy is a country that relies on tourism.
I would short Brazil, where cases are skyrocketing, but the commodity-centric nature of their economy gives me pause if and when inflation returns, globally.
So Italy gets the call today. It's on a short leash and could be covered quickly if a better idea pops up.
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