REUTERS) LONDON: Hedge fund managers had already closed out many of their bearish short positions
in crude oil before ministers of the Organization of the Petroleum Exporting Countries (OPEC) and their non-OPEC counterparts met in Vienna on May 25, according to data from regulators and exchanges.
Hedge funds had previously amassed short positions
in Brent and WTI totalling 374 million barrels, the third-largest short position
on record and only 19 million barrels below the maximum short position
The reporting requirement applies only to short positions
that result from trading shares listed on the stock exchange.
Historical Charts of Speculative Forex Trading Positioning EURUSD - The ratio of long to short positions
in the EURUSD stands at -1.
ValuJet's shares also are receiving shaky support from investors who are covering short positions
Prior to November 1, 2006, the Fund did not take short positions
as part of its principal investment strategy and, therefore, its prior performance may not be indicative of how it will perform using short selling as a principal investment strategy.
Most of the adjustment has come from the short side of the market as hedge funds have covered short positions
established earlier in the summer.
Since May 31, hedge funds have added 197 million barrels of crude short positions
and 12 million barrels of gasoline shorts.
the "Company" or "NAEG") (OTC Pink Sheets: NVMG) announced that it has ordered the latest NOBO information for analysis and comparison in order to clarify all owners of its issued and outstanding shares and address potential short positions
in NAEG's stock that management believes needs to be researched and examined to ensure integrity in the marketplace for its shares.
But now the liquidation of old long positions is being replaced by the establishment of new short positions
as fund managers try to capitalise on the downward cycle in prices.
Hedge funds and other money managers held short positions
in WTI-linked futures and options equivalent to more than 193 million barrels of oil, according to the US Commodity Futures Trading Commission.
Equity Alpha Fund, a core equity holding that seeks to generate alpha -- or the excess return over the benchmark -- by investing in both long and short positions