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Hedge funds have been actively investing in energy and material stocks at a rapid pace, with a particular focus on commodity-sensitive stocks. According to Goldman Sachs data, hedge funds bought these stocks at the fastest rate in five months. Additionally, some funds have increased their bearish bets on gasoline, reaching the highest level in years.
ING's Patterson and Manthey: Money managers have amassed short positions in RBOB gasoline futures at a level not seen since 2017. Money managers remain skeptical about #gasoline consumption this driving season. In the meantime, crack spreads in the U.S. Gulf Coast remain… https://t.co/XauGKS2CZp
Hedge funds increased their bearish gasoline bets to the highest level in seven years. https://t.co/rmn9SWFZSn
🔵 HEDGE FUNDS BUY COMMODITY STOCKS AT FASTEST PACE IN FIVE MONTHS, SAYS GOLDMAN Hedge funds bought commodity sensitive stocks in the week to July 5 at the fastest pace in five months, said a Goldman Sachs note to clients seen by Reuters on Monday. Full Story via Reuters on…
