News Formal

Hedge funds sell US stocks at fastest rate since January

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Hedge funds sell US stocks at fastest rate since January

Hedge funds sold US equities at a rate not seen since early January, marking a significant shift in investment behavior after five consecutive weeks of net buying.

According to the report, both macro products, including indexes and ETFs, and single stocks experienced net selling. The selling activity was widespread across all 11 US sectors for the week ending May 24, with industrials, information technology, financials, energy, materials, and real estate leading the downturn. The cyclical sectors, in particular, faced the heftiest notional net selling since December.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hedge funds cut exposure to the mega-cap tech stocks: GoldmanHedge funds cut exposure to the mega-cap tech stocks: Goldman
Source: Investingcom - 🏆 450. / 53 Read more »

Hedge funds trim holdings in 'Magnificent 7' stocks in Q2Hedge funds trim holdings in 'Magnificent 7' stocks in Q2 - report
Source: Investingcom - 🏆 450. / 53 Read more »