Large S&P 500 Speculators Decreased Their Net Positions For 3rd Week
Zachary Storella | Apr 23, 2017 04:51AM ET
S&P 500 Non-Commercial Positions:
Large speculators and traders pared their bullish net positions in the S&P 500 stock futures markets last week for the third consecutive 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 S&P 500 futures, traded by large speculators and hedge funds, totaled a net position of 2,463 contracts in the data reported through April 18th. This was a weekly decline of -2,104 contracts from the previous week which had a total of 4,567 net contracts.
S&P 500 speculative positions have now fallen to their lowest level in eight weeks.
S&P 500 Commercial Positions:
The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -5,949 contracts last week. This is a weekly gain of 8,234 contracts from the total net of -14,183 contracts reported the previous week.
S&P 500 Stock Market Index:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the S&P 500 index closed at approximately 2342.18 which was a drop of -11.59 from the previous close of 2353.78, according to market data.
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