Short interest in banks and thrift stocks fell in the month ended July 15, as investors turned to the sector as a safe haven in a turbulent market.

Short interest in bank stock on the New York stock exchange fell 2%, while short positions in all stocks on the Big Board fell only 1.6%. Short interest in bank stocks on the Nasdaq fell by 1.6%, while short interest in all stocks trading on Nasdaq, including many hard-hit technology companies, rose 4%.

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