This is the best summary I could come up with:

NEW YORK, Nov 10 (Reuters) - Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs (GS.N) said on Friday, without citing the underlying reasons.

"Financials was the most net sold sector on the U.S.

prime book this week and saw the largest net selling in seven weeks, driven entirely by short sales," the bank’s prime insights & analytics team said in a note about trading flows.

The ratio between long and short positions is at a historical low, below 1.7 times.

At the beginning of this year, the long/short ratio was at 2.6 times, sharply declining in March in the wake of the regional banking crisis.

Overall, hedge funds are underweight financials, at the lowest level since May 2020, Goldman Sachs said.

The original article contains 158 words, the summary contains 131 words. Saved 17%. I’m a bot and I’m open source!