Hedge funds -- under the Managed Money heading in the Commodity Futures Trading Commission (CFTC) Commitments of Traders report -- added 8,143 contracts to their short positions last week and reduced their long positions by 9,435 contracts. The movement reflects changes as of the August 18 settlement date. Managed money holds 241,712 long positions, compared with 159,158 short positions. The addition of short positions marks the fifth time in the past six weeks that hedge funds have gone short. The hedgies cannot seem to get out of oil fast enough.