Dow Jones Industrial Average (INDEXDJX:.DJI) closed down -0.4 percent and S&P 500 (INDEXSP:.INX) -0.55 percent and took a much needed break yesterday, after a seemingly uninterrupted market rally that kicked in this year. The exuberant equity markets have punished short positions which we cover actively, so we are taking a moment to look at how hedge funds have moved in their long holdings in the past few weeks.
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