Short Interest Update on CME Group (CME)

CME Group (CME) : The traders have covered their outstanding shorts in CME Group (CME) to the tune of -138,579 shares, a change of -3.3%. As on Jul 29, 2016, the outstanding shorts on the stock were 4,172,998 shares, however, by August 15, 2016, the shorts had reduced to 4,034,419 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 1.2% of the free float of the stock. It takes 4 days to cover the outstanding short positions. The stock has an average daily volume of 1,109,899 shares. The short interest information was released on Wednesday Aug 24th after the market close.

CME Group (NASDAQ:CME): The stock opened at $105.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $106.14 for the day. The stock traded down to $105.39 during the day, due to lack of any buying support eventually closed down at $105.82 with a loss of -0.20% for the day. The stock had closed at $106.03 on the previous day. The total traded volume was 702,965 shares.


In a related news, The Securities and Exchange Commission has divulged that Gill Phupinder, director officer (CEO) of Cme Group Inc., had unloaded 20,080 shares at an average price of $104.54 in a transaction dated on August 15, 2016. The total value of the transaction was worth $2,099,163.

CME Group the holding company for Chicago Mercantile Exchange Inc., CBOT, New York Mercantile Exchange, Inc. (NYMEX), Commodity Exchange, Inc. (COMEX) and their respective subsidiaries, as well as CME Clearing Europe Limited (CMECE) and CME Europe Limited (CME Europe). The Company also clear futures, options on futures and swaps contracts through its two clearing organizations: CME Clearing, which is a division of CME, and CMECE. The Company offers its customers the opportunity to trade futures contracts and options on futures contracts on a range of products, including those -based on interest rates, equities, foreign exchange, agricultural commodities, energy and metals. It also clear swaps contracts on a range of products, including those -based on interest rates, credit default, foreign exchange, agricultural commodities, energy and metals. Its exchange consists of designated contract markets for the trading of futures and options on futures contracts.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.