Shopify (NYSE:SHOP) Stock: Hedge Fund Trading in a Slump - TipRanks
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SHOP Stock: Hedge Fund Activity
Per the tool, hedge funds decreased their holdings in SHOP stock by selling 20.
Also, SHOP stock was among the top five stocks that hedge funds sold the most.
Eight hedge fund managers, including Ray Dalio of Bridgewater Associates and William Duhamel of Route One Investment Company, closed their positions in SHOP stock.
Further, eight more fund managers lowered their holdings in SHOP stock last quarter.
However, three hedge fund managers capitalized on the correction in SHOP stock and opened new positions.
Meanwhile, an equal number of hedge funds added more SHOP stock to their holdings.
Overall, the tool shows that the hedge fund confidence signal is Very Negative on SHOP stock.
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