Hedge funds are raising eyebrows by taking a bearish stance on some of the hottest sectors, namely electric vehicles (EVs), luxe brands and AI tech.
What Happened: Insights from HazelTree, known for offering treasury services to the big institutional players, show that top hedge funds are prepping for potential declines, shorting 2023’s market darlings.
Top Shorts In Focus: Names like EV giant Tesla Inc (NASDAQ:TSLA); luxury mogul Kering (OTC:PPRUY), owner of Gucci; and chip powerhouse from Japan, Advantest Corp (OTC:ATEYY), topped the list for being heavily shorted in their respective regions last month, according to Bloomberg.
How “Crowded” Is The Short Market? While many gauge investor pessimism by looking at short-selling percentages, HazelTree’s approach gives a broader view.
The company tracks the sentiment across its client …
