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SOFR 3-Month
Leveraged funds are net short 2,373,040 contracts, 18.3% of open interest. That is the 12th percentile of its three-year range. The net position changed −127.5K contracts over the latest week.
Positions as of20 Oct 2026Updated 24 Oct 2026
01
Positioning history
The net position over time.
Positioning historySOFR 3-Month: leveraged funds net position.Net contracts · Above zero: net long · Below zero: net short
2026-10-20Net short 2,373,040
02
Participant structure
Who carries the reported exposure.
ParticipantNet contractsRelative size
Asset managers−231.6K
Dealers+2.6M
Leveraged funds−2.4M
Non-reportables+866
Other reportables−25.1K
CFTC participant categories vary by report family. The primary positioning series uses managed money for physical commodities and leveraged funds for financial futures.
03
Comparable states
What followed similar positioning.
| Positioning bucket | N | 4W positive | 8W positive | 12W positive | Avg 12W |
|---|---|---|---|---|---|
| z ≥ 2.0 (extreme long) | 0 | — | — | — | — |
| 1.5 ≤ z < 2.0 | 0 | — | — | — | — |
| 1.0 ≤ z < 1.5 | 0 | — | — | — | — |
| neutral (−1.0 < z < 1.0) | 0 | — | — | — | — |
| −1.5 < z ≤ −1.0 | 1 | 100.0% | — | — | — |
| −2.0 < z ≤ −1.5 | 8 | 25.0% | 0.0% | 0.0% | -0.26% |
| z ≤ −2.0 (extreme short) | 2 | 100.0% | 50.0% | 0.0% | -0.35% |
Overlapping historical observations. Periods and sample sizes are shown so the comparison can be read in context.