Short bets against TD Bank surge 45% in two weeks to hit $6.1 billion amid investor skepticism toward its planned First Horizon takeover

• Short equity bets against Toronto-Dominion surged to $6.1 billion on Wednesday, up 45% from two weeks earlier.
• That comes as the Canada-based bank faces investor skepticism over its planned takeover of First Horizon Bank. 
• TD became the most-shorted bank in the world in early April as it faces a slew of headwinds. 

Investor pessimism toward Canada-based lender Toronto-Dominion (TD) just hit a new high.

Bearish stock bets against TD – the most shorted bank in the world – surged to $6.1 million on Wednesday, marking a 45% increase from two weeks earlier, according to ORTEX calculations, cited by Reuters.