Hedge Funds Are Buying Brookfield Total Return Fund Inc (HTR)

Consequently, some big names have been driving this bullishness. Laurion Capital Management, managed by Benjamin A. Smith, assembled the biggest position in Brookfield Total Return Fund Inc (NYSE:HTR). The fund had $0.8 million invested in the company at the end of the quarter. Charles Clough’s Clough Capital Partners also initiated a $0.1 million position during the quarter.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Brookfield Total Return Fund Inc (NYSE:HTR) but similarly valued. These stocks are JTH Holding Inc (NASDAQ:TAX), Insteel Industries Inc (NASDAQ:IIIN), Jones Energy Inc (NYSE:JONE), and Aratana Therapeutics Inc (NASDAQ:PETX). All of these stocks’ market caps are similar to HTR’s market cap.

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $39 million. That figure was a minor $4 million in HTR’s case. Aratana Therapeutics Inc (NASDAQ:PETX) is the most popular stock in this table, while Jones Energy Inc (NYSE:JONE) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks Brookfield Total Return Fund Inc (NYSE:HTR) is even less popular than JONE. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.