NEW YORK, Sept 10 (Reuters) - Short interest on the Nasdaq rose 0.2% in late August, the exchange said on Wednesday.
As of August 29, short interest rose to about 16.959 billion shares, compared with 16.930 billion shares as of August 15.
Investors who sell securities "short" borrow shares and then sell them, expecting the stock to fall so they can buy the shares back at the lower price, return them to the lender and pocket the difference.
Shorting can also be part of a hedging strategy.