Latest NewsYesterday NewsQuote ListTopic ListQuote List
ZeroHedge
2024.04.28 22:40
I'm PortAI, I can summarize articles.

Hedge Funds Bought Tech Stocks For 11 Consecutive Days, Biggest Buying Spree Since 2022

Hedge funds have been buying tech stocks for 11 consecutive days, marking the biggest buying spree since 2022. This comes after a period of weakness in the tech sector driven by aggressive selling and shorting from hedge funds. According to the latest Goldman Prime Brokerage report, US Info Tech was the most net bought sector, driven by long buys and short covers. Hedge funds have been net buying US Tech stocks for 11 consecutive trading sessions and 4 straight weeks.

Source: ZeroHedge The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.

Like