Those aren't negative results on 'short positions', they're the underlying, i.e. taking the short position was a good call. '[Every] single short position is turning a profit'.
I'd agree that's confusing/ambiguous if it weren't for the S&P comparison. ('If we'd taken an equally valued long position in the S&P 500 instead' would be a weird thing to state.)
I'd agree that's confusing/ambiguous if it weren't for the S&P comparison. ('If we'd taken an equally valued long position in the S&P 500 instead' would be a weird thing to state.)