Further collateral damage was felt in the the BI Mall & Shopping Center REIT Index, which slid 2.1 percent to the lowest in a month.
The indiscriminate selling came as investors had just started to warm to an industry that’s home to many of 2017’s worst performing stocks. The SPDR S&P Retail ETF saw inflows of fresh money in three of the last four weeks, while short sales on the ETF, or bets on lower prices, have fallen to 49 percent of its shares outstanding, down from a peak 131 percent reached in June, data compiled by IHS Markit show.
“There will be some winners in retail but boy, it’s just a land mine,” Bradshaw said.
This article was provided by Bloomberg News.