Thankfully, there's a trade for that.
More to come.
From Bespoke Investment Group:
...The fact that average short interest levels in the Energy sector are approaching 10% is noteworthy to say the least. It's safe to say that in the Energy sector, we haven't seen these levels in at least a decade, and for the market overall, the only time we saw double-digit levels of short interest for any sector was back during the Financial crisis. Needless to say, a lot of investors are extremely bearish on Energy right now, and given the plunge in oil prices, the pessimism is understandable. However, if oil prices do start to stabilize, or even rise, there will likely be a major rush to get out of these bearish bets....MORE
