Hedge Funds Ignoring Tech Drop Boost Bullish Bets to 1-Year High
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Last week’s slump in biotechnology and social-media shares isn’t putting off large speculators. They’re the most bullish in more than a year on the Nasdaq 100 Index.
They increased their net-long positions on the U.S. equity gauge for a fourth straight week to almost 88,400 e-mini futures, according to data from the Commodity Futures Trading Commission. That’s the most since March 2014.