Large Professional Futures Traders Say Exit Russell 2000
Richard Shaw (QVM Group) submits: The Commitment of Traders report for April 6 shows the three "buy side" large trader categories net short the Russell 2000 index futures (proxy IWM).They have a mixed view of the S&P 500 and S&P 400 index futures (proxies SPY and MDY respectively).This image (click to enlarge) summarizes the Commitment of Traders positions for those three US stocks market-cap index futures.
CFTC definition of the three buy-side categories is as follows: Asset Manager/Institutional. These are institutional investors, including pension funds, endowments, insurance companies, mutual funds and those portfolio/investment managers whose clients are predominantly institutional. Leveraged Funds. These are typically hedge funds and various types of money managers, including registered commodity trading advisors (CTAs); registered commodity pool operators (CPOs) or unregistered funds identified by CFTC.The strategies may involve taking outright positions or arbitrage within and across markets. The traders may be engaged in managing and conducting proprietary futures tradingComplete Story »