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Re SP action in April, it seems to be driven more by a couple of big institutional holders reducing their stakes rather than aggressive short-selling (although tech rout and QPP must have had an effect of retail investor sentiment too). Kames went from 5.6% in Jan to 3.72% on 10 Apr and then to 2.55% on 16 Apr. TT went from 5.6% in Jan to 2.72% on 22 Apr. As they dont have to notify further changes once they are below 3%, the selling could well have continued after that. Slightly worrying that they both decided to sell at the same time, but I wont read any more into it unless I see that the other big holders- Fidelity, Wellington, Schroder or GLG- have also begun to sell.
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