Leveraged Funds' Nasdaq-100 Shorts Hit $75B, Most Bearish Since 2022
NDX sits 29% above its 52-week low of $22,841.417.
Summary
Leveraged funds have built a $75 billion short position in Nasdaq-100 futures, more than doubling since February and near the highest in four years. Long positions have collapsed to $18 billion, the lowest since mid-2025, pushing net positioning to -$57 billion—the most bearish since 2022. This is a sharp reversal from November 2025 when leveraged funds were net long. The data comes from CFTC figures for the week ended Sept. 1, showing 55,361 long vs 69,453 short Nasdaq Mini contracts. The shift reflects growing conviction that tech stocks face headwinds from rising oil prices and Treasury yields. While futures positioning can reflect hedging, the magnitude and speed of the swing suggest leveraged traders are actively betting on further downside for the Nasdaq-100.
At the time of this announcement, NDX was trading at $29,368.44 on NASDAQ in the Technology sector. The 52-week trading range was $22,841.42 to $30,762.20. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.