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Advaxis, Inc. (ADXS): Hedge Funds Are Snapping Up

Consequently, specific money managers were leading the bulls’ herd. Sectoral Asset Management, managed by Jerome Pfund and Michael Sjostrom, established the biggest position in Advaxis, Inc. (NASDAQ:ADXS). Sectoral Asset Management had $12.9 million invested in the company at the end of the quarter. Hal Mintz’s Sabby Capital also made a $1.5 million investment in the stock during the quarter. The following funds were also among the new ADXS investors: Hal Mintz’s Sabby Capital, D. E. Shaw’s D E Shaw, and Philip Hempleman’s Ardsley Partners.

Let’s also examine hedge fund activity in other stocks similar to Advaxis, Inc. (NASDAQ:ADXS). These stocks are IDT Corporation (NYSE:IDT), Extreme Networks, Inc (NASDAQ:EXTR), ProQR Therapeutics NV (NASDAQ:PRQR), and Regulus Therapeutics Inc (NASDAQ:RGLS). This group of stocks’ market caps are closest to ADXS’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
IDT 10 31178 2
EXTR 19 71631 3
PRQR 14 85582 -2
RGLS 13 46409 -1

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $59 million. That figure was $129 million in ADXS’s case. Extreme Networks, Inc (NASDAQ:EXTR) is the most popular stock in this table. On the other hand, IDT Corporation (NYSE:IDT) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks Advaxis, Inc. (NASDAQ:ADXS) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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