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Home›ETFs & Funds›Hedge Funds›Hedge funds unwind US natural gas shorts as heat forec…

Hedge funds unwind US natural gas shorts as heat forecasts lift prices

Money managers built their largest net-short exposure to US natural gas in years before covering bearish positions as price-supporting weather updates circulated, Bloomberg reported.

Reported · Written up by our desk · Hedge Funds

US natural gas prices rose on Monday after changing weather forecasts, prompting hedge funds to reduce or cover established short positions, according to a report cited by Hedgeweek.

The article, citing Bloomberg, said money managers had built their largest net-short exposure to the commodity in years, but began unwinding bearish bets as forecasts shifted toward hotter conditions.

Latest closeNat gas $2.778 ▲4.4%

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Sources

HedgeweekHedge funds rush to cover US natural gas shorts as heat forecasts lift prices

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