Large speculators, mostly hedge funds, lifted their net short positions to their highest since November 2011, when the US’s sovereign credit rating was cut.
Hedge funds are reloading on bearish wagers on US equities, betting the latest market retreat will persist amid worsening economic data and corporate earnings.P 500 e-mini futures increase to roughly 321,000 contracts as of Tuesday, according to data from the Commodity Futures Trading Commission. That is the most bearish reading since November 2011 following the downgrade of the US’s sovereign credit rating.
, hedge funds have turned into sellers, unwinding their long positions in the industry at the fastest pace in 15 months, according to Goldman Sachs Group’s prime broker unit.
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