More broadly, net exposure to Russell 2000 futures sits near its lowest in a year, even as investors’ futures bets on the Nasdaq 100 Index are near historic highs. The gap between the two metrics is the largest ever, according to Goldman.
Hedge funds are ramping up bets against the shares of smaller companies after a searing rally, as doubts linger about the resilience of the US economy in the face of a global trade war.
The short position on the Russell 2000 Index hit US$16 billion ($20.57 billion) in July, one of the highest levels since 2021, according to the Goldman Sachs Group trading desk.
