Hedge funds

Hedge funds that piled into big Tesla short stung by huge rally

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Hedge funds that piled into big Tesla short stung by huge rally

Hedge funds piled into short bets against Tesla Inc. right before the electric vehicle maker unveiled a set of numbers that triggered a hefty share-price rally. About 18% of the 500-plus hedge funds tracked by data provider Hazeltree had an overall short position on Tesla at the end of June, the highest percentage in more … Read more

Chip Stocks Lose Shine as Hedge Funds Snap Up Software Instead

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Hedge funds made an about-face last week dumping semiconductor stocks — beneficiaries of the artificial intelligence boom — while snatching up software. Fund managers net sold US technology stocks for the third straight week, according to Goldman Sachs Group Inc.’s prime brokerage desk. Within tech, semiconductors and semiconductor equipment stocks were the most notionally net … Read more