{
  "id": 6107699,
  "title": "Los valores del Ibex favoritos de los bajistas antes de las subidas de tipos",
  "url": "https://urgent.news/2026/09/07/los-valores-del-ibex-favoritos-de-los-bajistas-antes-de-las-subidas",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-07T05:49:32.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/mercados/2026/09/07/6a9ab562e5fdea92568b4587.html"
  },
  "original_language": "es",
  "account": "The Ibex's most favored stocks among short sellers before interest rate hikes were announced. Between September 10 and 18, markets would need to deal with a drip of new interest rate hikes. Seven stocks were the main targets for short sellers in the Ibex. Unless a major surprise occurs, European markets would need to digest another interest rate hike on September 10. The European Central Bank would not be the only central bank to adjust upward interest rates. On September 16, the Federal Reserve of the United States would need to clear the uncertainty of whether to react to inflation with an interest rate hike. Two days later, on September 18, analysts expect another rate increase, which the Bank of Japan is expected to adopt. Fear of the effects derived from interest rate hikes has been evident in previous trading days. The coming weeks will determine the ability of the stock exchanges to resist a new increase in the official price of money. The possibility of new market turbulence keeps short sellers on guard. Hedge funds expect new developments with an especially active positioning in seven Ibex companies, the only ones in the index with at least two short sellers in the CNMV records. The renewable energy company stands out alongside Enagas as the Ibex company that congregates the most short sellers in its capital. The CNMV records identify five short sellers with positions over 0.50% each. JPMorgan Asset Management, with a 1.33%, leads this offensive against Solaria. Marchant MC, Capital Fund, AHL Partners, and Parvus Asset Management also exceed the 0.50% threshold in short positions. The spectacular Ibex bull rally of +132% in 2025 fueled expectations of correction among short sellers. At the end of the year, Solaria's impressive rally of +132% in 2025 fuels the expectation of correction among short sellers. The energy company also faces the imminent ECB interest rate hike with significant pressure from five short sellers. BlackRock Investment Management leads this offensive with short positions equivalent to 1.76% of its capital. Millennium International, ExodusPoint Capital, Wellington Managment, and Eleva Capital strengthen the pressure against Enagas. Despite the defensive profile of the energy sector, its shares have soared by 30% this year. The escalation in gas prices and, in particular, the new proposals for gas network tariffs, more beneficial for Enagas, have boosted its share price. Short sellers are now on guard for a possible correction, right at the door of another ECB interest rate hike. Several steps below Enagas and Solaria, the pressure on the rest of the Ibex members is already evident. Acciona has two short sellers in the CNMV's records of significant short positions. BlackRock Investment Management reports 0.62%, and Two Sigma Investments 0.50%. With an accumulated revaluation of nearly 10% so far this year, short sellers in Acciona expect a more negative behavior following recent shareholder disposals in the company, and amid uncertainty about the evolution of gas prices and possible corporate moves with its subsidiary Acciona Energy. One of the more defensive values of the Ibex is also not spared from the pressure of short sellers. Two short sellers hold significant positions in the electric utilities manager. Caisse de dépôt et placement du Québec declares a 0.72%, and AQR Capital Management 0.51%. Redeia, like the rest of utilities, figures among the Ibex companies most sensitive to the new interest rate hike from the ECB. From a business perspective, analysts also note that the company's latest results published hardly surprised. The manager of telecommunications infrastructure also stands out among the Ibex companies most sensitive to interest rate hikes. In recent times, its debt evolution has become one of the variables most watched by analysts, hence the importance of the measures adopted by the ECB on its financing costs. The CNMV records identify two short sellers with significant positions in Cellnex. D. E. Shaw & Co declares loaned shares taken to take advantage of possible falls, equivalent to 0.90% of its titles. AQR Capital Management has a 0.50% stake. AQR Capital Management is also significantly present in the capital of Indra, with short positions of 1.88%. The Canadian pension fund, with a 0.59%, joins this short-selling offensive. Indra's remarkable rally this year, up 23%, has awakened the interest of short sellers, anticipating a possible correction. The company's stock, focused on the defense sector, has risen 23% this year, a percentage preceded in 2025 by an impressive rally of 184%. The wellness and pool company completes the list of Ibex companies that accumulate significant short pressures from more than one fund. AQR Capital Management repeats its presence in Fluidra, with a 0.50%, while Connor, Clark & Lunn Investment Management has declared 0.60% of the shares in short positions. The weakness in the evolution of the US market, the largest weight in Fluidra's portfolio, has fueled doubts among analysts about the evolution of the company's shares during the last months.",
  "summary": "Del 10 al 18 de septiembre los mercados tendrán que lidiar con un goteo de nuevas subidas de los tipos de interés. Las firmas bajistas aguardan posibles turbulencias con siete valores como principales objetivos en el Ibex. Leer",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}