BREAKING: Hedge Funds Sell U.S. Equities Last Week for First Time in 3 Weeks

Hedge funds sold U.S. equities last week for the first time in 3 weeks.
The selling was driven by macro products, including indexes and ETFs, which accounted for 57% of total sales, with long sales outpacing short covers 1.9 to 1. Single stocks accounted for the remaining 43%, with short sales outpacing long buys 1.5 to 1, and short sales were the largest in 3 months.
7 of 11 U.S. sectors were sold, led by Communication Services, Health Care, Energy and Consumer Staples. Hedge funds have now sold Health Care stocks for 6 consecutive weeks, the longest selling streak in the last 10 years.