By Peter Rudegeair
Hedge-fund clients of Goldman Sachs sold more global stocks on Thursday than in any single day since 2010.
Short sales, or bets that stocks will decline in price, drove those flows, which are net of new purchases of stocks, Goldman said in a note to clients of its prime-brokerage arm.
Real estate, consumer staples and utilities were the only U.S. sectors where hedge funds bought more shares than they sold. Within U.S. financial stocks, hedge funds sold positions at the fastest pace in Goldman records going back to 2016.
Traditional hedge funds that bet on and against stocks were down 2% on Thursday, better than the 4.8% decline in the S&P 500 index.
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(END) Dow Jones Newswires
April 04, 2025 16:03 ET (20:03 GMT)
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