It looks like a growing number of professional investors are preparing for a stock market crash, ashedge fund
filings for the second quarter show a spike in defensive positions.In particular, legendary billionaire George Soros made a huge bet against the market. He increased his short position on the Standard & Poor’s 500 by a startling 605%.
The 9.69 million new shares of SPDR S&P 500 ETF Trust (NYSE Arca: SPY) put options gave Soros a total of 11.29 million shares and made it the biggest holding in his portfolio.
Credit to ETF Daily News
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