Hedge funds have been selling for 8 of the past 9 days
Activity levels remain subdued as positioning remains suppressed. L/S funds have sold longs for 8 of the past 9 days. HFs were net sellers of equities again on Tues with selling led by L/S funds who were adding to shorts, and also selling on the long side. Nets fell over 2% to 38%,– this current level represents the 2nd %-tile over the last 12M and the 1st %-tile since 2010