S&P 500 Mini Non-Commercial Speculator Positions:
Large stock market speculators increased their bullish net positions in the S&P 500 Mini futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.
The non-commercial futures contracts of S&P 500 Mini futures, traded by large speculators and hedge funds, totaled a net position of 172,844 contracts in the data reported through Tuesday January 30th. This was a weekly advance of 6,389 contracts from the previous week which had a total of 166,455 net contracts.
Speculative positions in the mini contract have risen for three straight weeks and are now at the highest level since September 12th 2017 when net positions totaled +188,045 contracts.
S&P 500 Mini Commercial Positions:
The commercial traders position, hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -178,093 contracts on the week. This was a weekly decline of -46,002 contracts from the total net of -132,091 contracts reported the previous week.
SPY (NYSE:SPY) ETF:
Over the same weekly reporting time-frame, from Tuesday to Tuesday, the SPY ETF, which tracks the price of S&P 500 Index, closed at approximately $281.76 which was a loss of $-1.53 from the previous close of $283.29, according to unofficial market data.