Managed Money net -5,576 contracts in HENRY HUB, positions as of Tue 20 Oct 2026.
Data as of Positions as of Tue 20 Oct 2026; published Fri 23 Oct 2026
Positions as of Tue 20 Oct 2026 - published Fri 23 Oct 2026 (CFTC, Friday release)
Report family
Disaggregated
Basis
Futures only
Market
HENRY HUB - NEW YORK MERCANTILE EXCHANGE
CFTC contract code
03565B
Contract unit
Contracts Of 2,500 Mmbtu'S
Open interest, contracts
405,527
Change in open interest, contracts
+2,753
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
38,461
31,461
-
+7,000
9.5
7.8
1.7
Swap Dealers
25,798
295,680
43,578
-269,882
6.4
72.9
-66.6
Managed Money
0
5,576
0
-5,576
0.0
1.4
-1.4
Other Reportables
285,908
18,160
2,139
+267,748
70.5
4.5
66.0
Total reportable
395,884
396,594
-
-710
97.6
97.8
-0.2
Nonreportable
9,643
8,933
-
+710
2.4
2.2
0.2
Managed Money: position against its own history
Weekly net, last 156 reports
Managed Money net, contracts
-5,576
Week change
+0
4-week change
+388
13-week change
+1,164
Net as % of open interest
-1.4%
Percentile, 1 year (52 weeks)
100
Percentile, 3 years (156 weeks)
64
Z-score, 52 weeks
0.97
COT Index, 3 years
66
52-week high of net
-5,576
52-week low of net
-17,988
Traders and concentration
Category
Traders long
Traders short
Producer/Merchant/Processor/User
8
7
Swap Dealers
6
9
Managed Money
0
-
Other Reportables
6
-
Total reportable
28
27
Largest 4 traders, gross long
70.7%
Largest 4 traders, gross short
58.8%
Largest 8 traders, gross long
83.2%
Largest 8 traders, gross short
82.5%
Largest 4 traders, net long
70.3%
Largest 4 traders, net short
55.7%
Largest 8 traders, net long
80.0%
Largest 8 traders, net short
78.4%
Concentration is the share of open interest held by the largest traders, as published in the report.
Latest report, futures and options combined
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Producer/Merchant/Processor/User
38,461
31,461
-
+7,000
9.5
7.8
1.7
Swap Dealers
25,798
295,680
43,578
-269,882
6.4
72.9
-66.6
Managed Money
0
5,576
0
-5,576
0.0
1.4
-1.4
Other Reportables
285,908
18,160
2,139
+267,748
70.5
4.5
66.0
Total reportable
395,884
396,594
-
-710
97.6
97.8
-0.2
Nonreportable
9,643
8,933
-
+710
2.4
2.2
0.2
The combined basis adds options converted to futures equivalents at exchange delta factors. The two bases are never mixed in one series; the history on this page is futures only.
Open interest by maturity split
All contract months, contracts
405,527
Old crop / nearest months, contracts
405,527
Other months, contracts
0
Recent reports, net by category
Report date
Open interest
Producer/Merchant/Processor/User
Swap Dealers
Managed Money
Other Reportables
Total reportable
Nonreportable
Tue 20 Oct 2026
405,527
+7,000
-269,882
-5,576
+267,748
-710
+710
Tue 13 Oct 2026
402,774
+3,744
-269,557
-5,576
+270,539
-850
+850
Tue 6 Oct 2026
402,212
+3,593
-269,379
-5,576
+270,512
-850
+850
Tue 29 Sep 2026
395,231
+989
-267,195
-5,576
+270,932
-850
+850
Tue 22 Sep 2026
409,461
+7,873
-278,620
-5,964
+277,336
+625
-625
Tue 15 Sep 2026
403,350
+5,124
-276,578
-5,964
+276,486
-932
+932
Tue 8 Sep 2026
400,824
+5,124
-274,148
-5,964
+274,497
-491
+491
Tue 1 Sep 2026
392,571
+7,266
-268,936
-5,964
+268,757
+1,123
-1,123
Tue 25 Aug 2026
402,757
+11,980
-274,997
-6,352
+271,007
+1,638
-1,638
Tue 18 Aug 2026
397,858
+12,028
-270,011
-6,352
+265,973
+1,638
-1,638
Spreading is calendar-spread positions. It prints as its own column and is not part of net. Percentile is the share of weeks in the window with a net at or below the current net. The COT Index places the current net within its 3-year range, 0 at the low and 100 at the high. Gauges print only when the window holds enough history. History is the series as currently published by the CFTC, including its corrections; first-release vintages are not kept. An extreme reading is a condition of crowding, not a buy or sell signal: speculative categories are trend followers and are usually largest near price extremes.
Source: CFTC Commitments of Traders, Disaggregated report, futures only unless stated. Positions as of Tue 20 Oct 2026, published Fri 23 Oct 2026.