Super Micro is one of the most shorted S&P 500 technology stocks in May, while Apple is among the least shorted.

In May, bets against the information technology sector, which carries the highest weight on the S&P, increased compared to April. The average short interest across S&P 500 information technology stocks rose to 1.56% of shares float in May, up from 1.42% in April. Despite this, the S&P 500’s information technology sector (NYSEARCA:XLK) has seen a 17% increase so far this year, lagging behind the broader market’s 14% rise.

Among information technology stocks, Enphase Energy (ENPH) was the most shorted stock in May, with 13.44 million shares sold short, equivalent to 10.25% of shares float. Following closely behind was Western Digital (WDC) with 7.56% short interest, Super Micro Computer (NASDAQ:SMCI) with 7.26%, and On Semiconductor (ON) with 5.67%. On the other hand, TE Connectivity (TEL) had the least short interest at 0.65% of shares float, followed by Apple (NASDAQ:AAPL) and Trimble (TRMB) both at 0.74%.

Industry analysis shows that Electronic Manufacturing Services, represented by Jabil (JBL), was the most shorted industry within the information technology sector in May, with 3.14% short interest. Semiconductors & Semiconductor Equipment followed with 2.31% short interest, while Technology Hardware, Storage & Peripherals had the least short interest at 1.15%.

For more insights on the technology sector, investors can look into the Technology Select Sector SPDR ETF.