Jul. 30 at 5:44 PM
Hedge funds sold the most global information technology equities in the 3 days ending July 28th since data began in 2016.
Hedge funds also recorded the largest 3-day reduction in total equity exposure since November 2022, with selling pressure spreading across all sectors.
The unwind was primarily driven by short covering in macro products, such as index futures and ETFs.
Furthermore, single stocks posted the 5th-largest 3-day sale over the last 5 years.
Among regions, North America accounted for the majority of sales, followed by Europe.
Hedge funds are aggressively moving to the sidelines.
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