Eye on Shorts: What bearish investors are betting against

Company Name	Symbol	30-Nov-14	15-Nov-14	Net Chg
iShares S&P/TSX 60 Index ETF Units	XIU-T	74,771,009	73,521,826	1,249,183
Lundin Mining Corp.	LUN-T	55,943,335	67,632,951	-11,689,616
Athabasca Oil Corp. J	ATH-T	50,139,747	52,736,100	-2,596,353
Bombardier Inc. Cl 'B' Sv	BBD.B-T	43,023,241	46,002,745	-2,979,504
Toronto-Dominion Bank	TD-T	41,185,082	42,981,047	-1,795,965
Manulife Financial Corp.	MFC-T	34,841,939	28,992,051	5,849,888
Kinross Gold Corp.	K-T	32,634,515	27,994,314	4,640,201
New Gold Inc.	NGD-T	32,612,201	32,490,584	121,617
Legacy Oil + Gas Inc.	LEG-T	30,106,743	30,101,710	5,033
Potash Corp. of Sask. Inc.	POT-T	29,024,224	31,295,456	-2,271,232
Canadian Oil Sands Ltd.	COS-T	27,906,559	17,872,406	10,034,153
Husky Energy Inc.	HSE-T	25,002,103	22,968,633	2,033,470
Celestica Inc. Sv	CLS-T	23,836,987	24,291,742	-454,755
Talisman Energy Inc.	TLM-T	23,762,076	27,448,143	-3,686,067
Great-West Lifeco Inc.	GWO-T	23,272,430	24,328,124	-1,055,694
Crew Energy Inc.	CR-T	23,213,294	23,321,907	-108,613
Power Financial Corp.	PWF-T	23,062,919	24,362,489	-1,299,570
Element Financial Corp.	EFN-T	22,274,471	22,482,848	-208,377
Enbridge Inc.	ENB-T	22,177,527	17,515,799	4,661,728
Penn West Petroleum Ltd.	PWT-T	21,703,180	25,563,942	-3,860,762

Company Name	Symbol	30-Nov-14	15-Nov-14	Net Chg
Canadian Oil Sands Ltd.	COS-T	27,906,559	17,872,406	10,034,153
Sun Life Financial Inc.	SLF-T	14,725,428	7,776,095	6,949,333
Rio Alto Mining Ltd. J	RIO-T	7,129,843	1,082,901	6,046,942
Manulife Financial Corp.	MFC-T	34,841,939	28,992,051	5,849,888
Silver Wheaton Corp.	SLW-T	13,878,635	8,878,804	4,999,831
Enbridge Inc.	ENB-T	22,177,527	17,515,799	4,661,728
Kinross Gold Corp.	K-T	32,634,515	27,994,314	4,640,201
Transalta Corp.	TA-T	13,668,718	9,471,026	4,197,692
Thomson Reuters Corp.	TRI-T	20,053,607	16,110,638	3,942,969
Cenovus Energy Inc.	CVE-T	11,974,214	8,814,802	3,159,412
Telus Corp.	T-T	12,464,477	10,028,292	2,436,185
SNC-Lavalin Group Inc.	SNC-T	4,407,521	2,072,170	2,335,351
Shaw Commun. Inc. Cl 'B' Nv	SJR.B-T	11,556,065	9,274,575	2,281,490
Prometic Life Sciences Inc. J	PLI-T	3,217,369	985,675	2,231,694
Pacific Rubiales Energy Corp.	PRE-T	6,308,466	4,168,945	2,139,521
Husky Energy Inc.	HSE-T	25,002,103	22,968,633	2,033,470
Torex Gold Resources Inc. J	TXG-T	10,253,567	8,229,357	2,024,210
CGI Group Inc. Cl 'A' Sv	GIB.A-T	21,637,270	19,754,912	1,882,358
Teck Resources Ltd. Cl 'B' Sv	TCK.B-T	16,309,967	14,562,734	1,747,233
Horizons S&P/TSX 60 Index ETF Cl A Un	HXT-T	5,327,828	3,596,100	1,731,728

Company Name	Symbol	30-Nov-14	15-Nov-14	Net Chg
Lundin Mining Corp.	LUN-T	55,943,335	67,632,951	-11,689,616
Fortis Inc.	FTS-T	6,409,284	13,686,056	-7,276,772
Cameco Corp.	CCO-T	8,204,050	12,733,691	-4,529,641
TransCanada Corp.	TRP-T	10,696,844	15,038,772	-4,341,928
Royal Bank of Cda	RY-T	20,622,907	24,844,345	-4,221,438
National Bank of Cda	NA-T	10,915,597	15,084,976	-4,169,379
Parkland Fuel Corp.	PKI-T	3,163,193	7,255,907	-4,092,714
Penn West Petroleum Ltd.	PWT-T	21,703,180	25,563,942	-3,860,762
Horizons Betapro Nymex Crude Oil Bul+ETF A Un	HOU-T	4,944,075	8,745,650	-3,801,575
Bank of Nova Scotia	BNS-T	20,134,523	23,921,392	-3,786,869
Pengrowth Energy Corp.	PGF-T	11,583,225	15,288,359	-3,705,134
Talisman Energy Inc.	TLM-T	23,762,076	27,448,143	-3,686,067
Yamana Gold Inc.	YRI-T	20,973,952	24,449,509	-3,475,557
Bombardier Inc. Cl 'B' Sv	BBD.B-T	43,023,241	46,002,745	-2,979,504
Athabasca Oil Corp. J	ATH-T	50,139,747	52,736,100	-2,596,353
Potash Corp. of Sask. Inc.	POT-T	29,024,224	31,295,456	-2,271,232
Canadian Natural Resources Ltd.	CNQ-T	9,179,720	11,298,629	-2,118,909
Eldorado Gold Corp.	ELD-T	16,806,008	18,630,873	-1,824,865
Valeant Pharma.Int'l Inc.	VRX-T	7,613,975	9,411,859	-1,797,884
Toronto-Dominion Bank	TD-T	41,185,082	42,981,047	-1,795,965

Company Name	Symbol	30-Nov-14	15-Nov-14	% Chg
1st Asst Mornstr Emrg Mkt Comp Bnd Idx ETF Un	EXM-T	82,300	100	82,200
Horizons Cdn Midstream Oil & Gas Idx ETF A Un	HOG-T	75,700	100	75,600
iShares 1-10Yr Laddered Gov't Bnd Indx ETF Un	CLG-T	59,170	100	59,070
Kinaxis Inc. J	KXS-T	55,600	100	55,500
Midas Gold Corp. J	MAX-T	33,600	100	33,500
Golden Minerals Co. J	AUM-T	20,900	100	20,800
Avnel Gold Mining Ltd. J	AVK-T	25,700	200	12,750
Petaquilla Minerals Ltd. J	PTQ-T	20,200	200	10,000
First Asst MSCI USA Low Risk Advisor Units	RWU.A-T	193,800	2,100	9,128
1st Asset Mornstar Cda Momentum Index ETF Adv	WXM.A-T	17,600	300	5,766
Western Potash Corp. J	WPX-T	118,200	2,100	5,528
Vanguard S&P500 Index ETF(CAD-Hedged)Trans Un	VSP-T	5,100	100	5,000
Melcor REIT Units	MR.UN-T	5,100	100	5,000
Commerce Split Corp. Capital	YCM-T	44,900	1,000	4,390
Excellon Resources Inc. J	EXN-T	4,400	100	4,300
Agjunction Inc.	AJX-T	5,300	125	4,140
Powershare S&P500Lw Vltlty(CAD Hdg)Idx ETF Un	ULV-T	13,100	400	3,175
Wesdome Gold Mines Ltd.	WDO-T	3,100	100	3,000
Magindustries Corp. J	MAA-T	43,500	1,500	2,800
Bank of Montreal Cl 'B' Pr Series 14	BMO.PR.K-T	4,900	200	2,350

Company Name	Symbol	30-Nov-14	15-Nov-14	% Chg
Orsu Metals Corp. J	OSU-T	100	75,000	-99
BMO Ultra Short-Term Bond ETF Un	ZST-T	100	43,100	-99
First Asset Mrnstr US Value Idx ETF Unhgd Un	XXM.B-T	600	215,911	-99
Coalspur Mines Ltd. Ordinary J	CPT-T	1,200	428,000	-99
First Asset Can-Financl Covered Call ETF Un	FXF-T	100	18,400	-99
BMO MSCI EAFE Hedged To CAD Index ETF Un	ZDM-T	1,000	146,000	-99
RBC Quant U.S. Dividend Leaders ETF USD Un	RUD.U-T	100	13,508	-99
Purpose Tactical Hedged Equity Fund ETF	PHE-T	100	12,700	-99
BMO Cdn Dividend ETF Units	ZDV-T	200	23,911	-99
Globex Mining Enterprises Inc. J	GMX-T	500	49,800	-98
New Gold Inc. A Wt	NGD.WT.A-T	800	77,500	-98
Horizons Enhnc Incm US Eq(USD)ETF CAD Cl E Un	HEA-T	100	9,200	-98
Vanguard US Div Appreciation Idx ETF(CAD-Heg)	VGH-T	300	19,812	-98
BMO US Dividend ETF CAD Units	ZDY-T	900	58,600	-98
iShares S&P/TSX Venture Index ETF Un	XVX-T	200	12,700	-98
BMO Global Infrastructure Index ETF Units	ZGI-T	500	31,300	-98
Primary Energy Recycling Corp.	PRI-T	100	6,200	-98
First Asset Hamilton Cap European Bk ETF Adv	FHB.A-T	1,600	93,400	-98
Lachlan Star Ltd. Ordinary J	LSA-T	2,400	132,100	-98
Brookfield Office Prop Inc. AAA Pr Ser 'G' US	BPO.PR.U-T	100	4,600	-97