Bloomberg
Hedge Funds Are Record Short Natural Gas on Mild Winter Outlook
Friday, October 23, 2026
Hedge fund managers hold a record short position in US natural gas futures based on forecasts for an unusually mild winter in the northern United States. A mild winter would typically reduce demand for heating fuel in homes and power plants. The specific size of the short position and the names of the funds involved were not disclosed in available reports.
Original reporting:
