Under-exposed to equities (and underperforming them) for some time, hedge funds are changing...

|By:, SA News Editor

Under-exposed to equities (and underperforming them) for some time, hedge funds are changing course, writes Todd Salamone. Options activity in key stock index ETFs shows falling buy-to-open call volume, a sign, says Salamone, hedge funds are increasing exposure to stocks by covering shorts (thus buying fewer calls to hedge). Earlier: Not a good move, says Hussman.