Funds like Merian and Citadel have increased their short interest positions in European lenders including Denmark's Jyske Bank.
Major hedge funds have opened or increased short positions against European banks amid record low interest rates after the European Central Bank cut rates again.
Funds like Citadel and Merian are benefiting from uncertainty in European lenders who keep their deposits within the ECB.Merian, Citadel and Marshall Wace are among hedge funds ramping up their short interest in European lenders amid loose central bank policies and record low interest rates. Other banks targeted by the hedge funds include another Danish lender, Sydbank, as well as Italian banks including Banco BPM, Unione de Banche Italiane, and Banca Popolare dell Emilia Romagna. Spanish lender Banca de Sabadell and Germany's Aareal Bank have also lured short bets, according to Breakout Point.
The bank's share price initially fell in the weeks following the news of the new mortgage rate but has since risen.
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