Here Comes The Next Squeeze: Hedge Funds Short ETFs At Fastest Pace Since September 2022

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by Tyler Durden
Monday, Aug 21, 2023 - 10:55 AM

About a month ago, in late July - and just as the S&P was melting up to 16 month highs - we made a startling observation: traditional long/short hedge funds managers "had experienced 9 consecutive days of negative alpha, the longest period since Jan 2017" and July was on course "to be the worst month in terms of alpha since May last year"...

.... and warned that below the market's silky smooth surface, a long/short bloodbath was taking place, one which we summarized as follows: