1. Alabama: 13.2%
Alabama tops the list of 5 states with the highest diabetes rates in U.S., an achievement it would definitely have preferred to avoid. Over 1,300 people die annually in the state from diabetes and over 600,000 people have the disease, with over 1.3 million further people with type 2 diabetes.
There is a direct relationship between poverty and prevalence of diabetes. Check out the list of 15 poorest states. Most of the 15 states with the highest diabetes rates are among the 15 poorest states as well.
There are two diabetes stocks that hedge funds are primarily invested in right now: Eli Lilly (LLY) and Novo Nordisk (NVO). At the end of June there were a total of 24 hedge funds with bullish NVO bets whereas this figure was 51 for Eli Lilly. Hedge funds were also increasing their bets on LLY during the second quarter. The number of bullish positions increased to 51 from 43 at the end of March. You can get our free daily enewsletter and stay informed about the latest hedge fund moves by entering your email address below: