Connect with us

Hi, what are you looking for?

Uncategorized

Hedge funds short US financial stocks at near record levels -Goldman Sachs

© Reuters. FILE PHOTO: A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. REUTERS/Brendan McDermid/File Photo

By Carolina Mandl

NEW YORK (Reuters) – Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs said on Friday, without citing the underlying reasons.

“Financials was the most net sold sector on the U.S.

prime book this week and saw the largest net selling in seven weeks, driven entirely by short sales,” the bank’s prime insights & analytics team said in a note about trading flows.

The ratio between long and short positions is at a historical low, below 1.7 times. At the beginning of this year, the long/short ratio was at 2.6 times, sharply declining in March in the wake of the regional banking crisis.

Overall, hedge funds are underweight financials, at the lowest level since May 2020, Goldman Sachs said.

Bank shares have plunged this year. The KBW Bank index is down nearly 23% year to date, while the Banks index fell over 11.26%.

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Content Przepis Promocji w całej Lemon Casino – SMS Bill Casino Ekskluzywne bonusy wyjąwszy depozytu Swoje doświadczenie wraz z rozrywki pochodzące z bonusem 50...

Uncategorized

Content Animations, Graphics, and you can Sound effects: new online casino ideal Mention Ancient Egypt OLG.ca are a lotto and you will gambling webpages...

Uncategorized

Content Casinos qua schneller Ausschüttung 2025: Unsrige Topliste Die Auszahlungen boche Verbunden Casinos kollationieren Schlusswort – sichere Auszahlungen in Sekundenschnelle Unser einzig logische Ausschüttung...

Uncategorized

Indien jou wilt, heef Plinko-online.nl een uitgebreid artikel pennen afgelopen pastoor jouw kunt verkrijgen bij Plinko. Zodra het basketbal waarderen het Plinko-acteerprestatie zijn gelanceerd,...