Institutional investors are rushing into tech stock futures at a record pace

Institutional investors are rushing into tech stock futures at a record pace:

Asset managers purchased +$9.7 billion in Nasdaq futures in the week ending April 14th, the largest weekly purchase in at least 10 years.

This was driven by new long positions of +$5.9 billion, followed by aggressive short covering of +$3.8 billion.

As a result, asset manager positioning in Nasdaq futures is up to +$39.0 billion, the highest since February and above the 2024 peak level of +$36.0 billion.

This comes just weeks after they sold a record -$36 billion in S&P 500 futures in mid-March.

Institutional investors are ramping up market exposure.