business / news / / MarketScreener
The majority of hedge fund stock trades, as of Friday, were long for the first time in eight weeks.
Hedge funds shifted to majority long stock positions for the first time in eight weeks.
KEY POINTS
- Systematic hedge funds like CTAs were expected to buy $40 billion of S&P 500 stocks this month.
- Hedge funds sold the largest amount of tech stocks in five years, with software comprising 60% of sales.
- Global stock picking hedge funds returned 4% during the week ending last Friday.
COMPANIES
Summarized by Newsio from MarketScreener. How we summarize →