Hedge funds bought U.S. stocks every day last week, posting the second-largest weekly buying total in 12 months

The Kobeissi Letter said in a post on X that hedge funds were buyers of U.S. equities on every trading day last week, producing the second-largest weekly buying scale seen over the past 12 months. Roughly 70% of the total demand came from single stocks, with long buying driving most of the activity while short covering played only a limited part. Demand was strongest in the information technology and communication services sectors, and 8 of the 11 industry groups registered net buying. Macro products such as index futures and exchange-traded funds accounted for about 30% of total demand. The post also said short positions in U.S.-listed ETFs declined for a sixth straight week, adding to the view that hedge funds are increasing their bets on U.S. equities.