After Record Shorting, Hedge Funds Bought The Most Tech Stocks Since 2021

After last week's record shorting of single stocks (see "Largest Short Selling In History Transforming Into Brutal Short Squeeze"), followed by the "Biggest Shorting Of Software Stocks Since 2010" last Wednesday, we have seen signs of rapid de-grossing by the hedge fund community as US L/S Gross leverage decreased for a second straight week by -1.5 pts (-6.4 pts MTD) but remains elevated (98th percentile 5-year), according to the latest Goldman Prime Brokerage data.