Well, my summation of that chart would be thatFunds started...

  1. 3,722 Posts.
    lightbulb Created with Sketch. 237
    Well, my summation of that chart would be that
    Funds started gradually reducing positions nearly 4 years ago,
    and are now at the point where you'd expect the chart to go the other way. As happened at the start of 2016.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.