Asset managers are extremely bullish:
Net $VIX futures positioning among asset managers is down to -$1.0 billion, the lowest in at least 10 years.
Short volatility bets have now surpassed the August 2024 peak before the Volatility Index, $VIX, exploded +280%, to 65 points, the highest since the 2020 pandemic.
At the same time, hedge fund $VIX futures positioning is down to -$42.7 million, the lowest since August 2024 and the 2nd-lowest on record.
Positioning shifted from neutral to net short over the last several weeks, marking a sharp reversal in the sentiment.
Meanwhile, US hedge fund gross leverage, which tracks total long and short exposure, rose to a record 223%, marking the 3rd consecutive weekly increase.
Are we due for a surge in volatility?
ASTER
0.618
-7.62%
ASTR
0.01
-13.11%
PUMP
0.002789
-9.15%