Hedge Funds Are in Love With Small-Caps Again
- They’re long Russell 2000 futures for 1st time in four months
- A reversal from May, when bearishness hit highest since 2014
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The violent rotation gripping U.S. equities has chased professional investors back into small-cap stocks.
In just two weeks, hedge fund positioning in Russell 2000 Index mini futures went from the most bearish in six years to the most bullish in four months. It’s the biggest about-face on record, according to Commodity Futures Trading Commission data compiled by Bloomberg that goes back to 1994.