S&P 500 Mini Non-Commercial Speculator Positions:
Large stock market speculators sharply lifted their bullish net positions in the S&P 500 Mini futures markets earlier 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 S&P 500 Mini futures, traded by large speculators and hedge funds, totaled a net position of 226,803 contracts in the data reported through Tuesday March 27th. This was a weekly jump of 143,510 contracts from the previous week which had a total of 83,293 net contracts.
Speculative positions had fallen the previous two weeks before this week’s surge higher which marked the largest one-week increase since June 14th 2016 when bullish bets jumped by +149,960 contracts. Overall the S&P 500 mini positions are at the highest level in seven weeks.
S&P 500 Mini Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -383,343 contracts on the week. This was a weekly fall of -234,746 contracts from the total net of -148,597 contracts reported the previous week.
SPDR S&P 500 ETF (NYSE:SPY):
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SPY ETF, which tracks the price of S&P 500 Index, closed at approximately $260.6 which was a fall of $-10.35 from the previous close of $270.95, according to unofficial market data.
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