Asset managers and hedge funds have amassed the largest net short position in Nasdaq 100 futures on record.
Asset managers and hedge funds have built a net short position of roughly $18 billion in Nasdaq 100 futures, the largest in the series’ history. The move reflects heightened bearish sentiment toward the tech-heavy index.
Positioning had previously fluctuated but never reached such extreme levels, underscoring a shift in market sentiment. The Nasdaq 100 has faced pressure from rising interest rates and concerns over valuations in the technology sector.
The record short position suggests traders are bracing for further downside or hedging against potential declines in major tech stocks.