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Equities · 3 September 2026
Russell 2000 futures' record-crowded speculative net short shrank by 2,940 contracts in the week to…
Russell 2000 futures' record-crowded speculative net short shrank by 2,940 contracts in the week to 25 August as the Russell 2000 fell 1.53% over five sessions, a mismatch that leaves the position looking pressured.
- What would prove it wrong
- If the next COT report shows the Russell E-Mini net short resuming its extension while the Russell 2000 stays below its 20-day high of 3068.42, this week's covering reads as a pause inside a still-crowded short rather than a genuine unwind.
- Stated probability the thesis holds
- 45% · 10d horizon
- Status
- Broke · 4 September 2026 · settled against the tape
- How it settled
- ^RUT closed below 3068.42 on 2026-09-04 (close 2975.65)
This is the desk’s own dated record, settled against market data. Descriptive of a research thesis, not investment advice.