You are in the U.S., and are managing a portfolio worth $241 million, with a beta of 1.72, and volatility 35%. You would like to use futures contracts to adjust your beta to a level of 1.14. At your disposal, you have mini S\&P500 futures contracts (pegged to $50 times the S\&P500 index). The index has volatility 28%. The current one year futures price is 1366 . What position should you take in the one year futures contract? 2047 short positions. 2047 long positions. 2558 long positions. 2558 short positions