Emerging markets gain short interest amid sell-off

Amid a broad sell-off in emerging markets, certain pockets have garnered short-selling interest as hedge funds and other opportunistic managers eye opportunities from the EM rout. Last month $12.2 billion was pulled out of EM equity funds, while EM exchange-traded funds saw $10 billion in global outflows in January – the largest monthly outflows on record, according to data cited by iShares. Yet interest in emerging market ETFs has risen among hedge fund short-sellers, according…