S&P 500 Mini Non-Commercial Speculator Positions:
Large stock markets speculators sharply lowered 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 83,293 contracts in the data reported through Tuesday March 20th. This was a weekly reduction of -38,813 contracts from the previous week which had a total of 122,106 net contracts.
Speculative positions have declined for two straight weeks and have now dropped to the lowest level since January 9th when the net position totaled +77,413 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 -148,597 contracts on the week. This was a weekly advance of 508 contracts from the total net of -149,105 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 $270.95 which was a fall of $-4.66 from the previous close of $275.61, according to unofficial market data.