Dow Jones Mini Speculators Slightly Raised Their Net Positions For 2nd Week
Zachary Storella | Mar 11, 2018 03:21AM ET
Dow Jones Mini Non-Commercial Speculator Positions:
Large speculators lifted their bullish net positions in the Dow Jones 30 Futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of Dow Jones Mini futures, traded by large speculators and hedge funds, totaled a net position of 25,414 contracts in the data reported through Tuesday March 6th. This was a weekly advance of 3,143 contracts from the previous week which had a total of 22,271 net contracts.
Speculative positions have now increased slightly for the past two weeks after declining for the previous three weeks in a row. The overall position standing is above the +20,000 contract level for a second week after dropping below this level for the first time since May 17th 2016 when net positions totaled +18,130 contracts.
Dow Jones Mini Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -30,319 contracts on the week. This was a weekly decrease of -2,678 contracts from the total net of -27,641 contracts reported the previous week.
DIA ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the DIA ETF, which tracks the price of Dow Jones Index, closed at approximately $248.84 which was a loss of $-5.12 from the previous close of $253.96, according to unofficial market data.
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