30-day Fed funds COT report: hedge fund and commercial positioning
30-day Fed funds futures on the CBOT, the market for the Federal Reserve’s policy rate.
Data updated November 3, 2026 (positions as of Tuesday)
This week · report of November 3, 2026
Leveraged funds (hedge funds and CTAs) is net long 239,947 contracts of 30-day Fed funds futures.
11.2% of open interest · −273,634 on the week · +95,568 in four weeks
Mid-range: COT index 68 of 100 over 52 weeks, 73 over three years (ring).
- Asset managers
Net short 174,385
Pension funds, insurers and mutual funds. 52-week index 0.
- Dealers
Net short 62,588
Banks and market makers. 52-week index 53.
- Open interest
2,148,611 contracts
Leveraged funds (hedge funds and CTAs) held a net long position of 239,947 contracts in 30-day Fed funds (11.2% of open interest), in the upper part of its one-year range.
Asset managers (pension funds, insurers, mutual funds) held a net short position of 174,385 contracts in 30-day Fed funds (8.1% of open interest), near the most short of the past year.
Dealers (banks and market makers) held a net short position of 62,588 contracts in 30-day Fed funds (2.9% of open interest), around the middle of its one-year range.
All three groups this week
Leveraged funds
Hedge funds and CTAs
Net long 239,947
contracts, 11.2% of open interest · −273,634 on the week
Asset managers
Pension funds, insurers, mutual funds
Net short 174,385
contracts, 8.1% of open interest · −21,398 on the week
Dealers
Banks and market makers
Net short 62,588
contracts, 2.9% of open interest · +319,949 on the week
| Group | Net contracts | % of OI | 1 week | 4 weeks | Index 52W | Index 3Y |
|---|---|---|---|---|---|---|
| Leveraged funds | 239,947 | 11.2% | -273,634 | 95,568 | 68 | 73 |
| Asset managers | -174,385 | -8.1% | -21,398 | -138,753 | 0 | 0 |
| Dealers | -62,588 | -2.9% | 319,949 | 71,929 | 53 | 42 |
Open interest 2,148,611 contracts. Report of November 3, 2026 (Traders in Financial Futures, futures only).
Net positions, three years
Questions
Are hedge funds long or short 30-day Fed funds?
Leveraged funds (hedge funds and CTAs) held a net long position of 239,947 contracts in 30-day Fed funds (11.2% of open interest), in the upper part of its one-year range. Report of November 3, 2026.
What is the COT report?
The Commitments of Traders is a weekly CFTC report of open positions in US futures markets, split by type of trader. It reflects positions as of Tuesday and is published on Friday afternoon. Commodity markets use the Disaggregated report (producers, swap dealers, managed money); financial futures use the Traders in Financial Futures report (dealers, asset managers, leveraged funds).
What is the COT index?
It places the latest net position between the lowest (0) and highest (100) of a look-back window, here 52 weeks and 3 years. Readings near 0 or 100 mean the group is at an extreme of its recent range; they describe positioning and do not predict prices on their own.
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Source: CFTC Commitments of Traders (Traders in Financial Futures, futures only). Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.