You are in the U.S., and are managing a portfolio worth $807 million, with a beta of 1.50, and volatility 22%. You would like to use futures contracts to adjust your beta to a level of 1.04. At your disposal, you have mini S\&P500 futures contracts (pegged to $50 times the S\&P500 index). The index has volatility 39%. The current one year futures price is 1189 . What position should you take in the one year futures contract? 6244 long positions. 3522 long positions. 3522 short positions. 6244 short positions