Hedge Funds Are Betting On Regenxbio Inc (RGNX)

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Consequently, key hedge funds were breaking ground themselves. Partner Fund Management, led by Christopher James, initiated the largest position in Regenxbio Inc (NASDAQ:RGNX). Partner Fund Management had $4 million invested in the company at the end of the quarter. Vishal Saluja and Pham Quang’s Endurant Capital Management also initiated a $0.2 million position during the quarter. The only other fund with a brand new RGNX position is Ken Griffin’s Citadel Investment Group.

Let’s check out hedge fund activity in other stocks similar to Regenxbio Inc (NASDAQ:RGNX). We will take a look at U.S. Lime & Minerals Inc. (NASDAQ:USLM), Videocon d2h Ltd – ADR (NASDAQ:VDTH), United Insurance Holdings Corp.(NDA) (NASDAQ:UIHC), and VSE Corporation (NASDAQ:VSEC). This group of stocks’ market values resemble RGNX’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
USLM 4 18637 -1
VDTH 11 99748 -3
UIHC 15 30406 5
VSEC 3 4333 0

As you can see these stocks had an average of 8 hedge funds with bullish positions and the average amount invested in these stocks was $38 million. That figure was $81 million in RGNX’s case. United Insurance Holdings Corp.(NDA) (NASDAQ:UIHC) is the most popular stock in this table. On the other hand VSE Corporation (NASDAQ:VSEC) is the least popular one with only 3 bullish hedge fund positions. Regenxbio Inc (NASDAQ:RGNX) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard UIHC might be a better candidate to consider taking a long position in.

Disclosure: None

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