Closing Out Shorts (39% Cash)

We took our QID and SDS leveraged shorts off today.

Not that we won’t put them back on eventually, but the 200 day moving average seems to be pretty decent support for now. (We added longs back in March)

This capital has yet to be redeployed — we are now running about 39% cash in Long/Short, our most aggressive portfolio.

More as this develops . . .

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