R2000 E-Mini Futures data shows Leveraged Investors remain Net Short but are covering positions which is bullish for R2000 forward returns. Asset Managers remain net long but are well below their mid-Dec ’24 high in terms of net long contracts. Leveraged Investors remain considerably net short after touching a multi-year low in early August. Rarely do Leveraged Investors’ net shorts reach such levels seen just recently in August.