Shortsellers get a lift - but will more shorting follow?


By Sarah Wood

Did you notice that the U.S. Securities and Exchange Commission voted last month to do away with its 70-year-old uptick rule? It's understandable if you weren't quite paying attention.

To be sure, the ruling was an historic and positive event for hedge funds. The change will create a more level playing field for short and long investors by eliminating a requirement that short-sellers wait for the price of a falling stock to reverse before shorting it. But at the same time, the industry seems as uninterested in shorting as it has ever been. "It's going to