Is Mylan Inc. (MYL) Going to Burn These Hedge Funds?

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Mylan Inc. (NASDAQ:MYL) but similarly valued. We will take a look at VF Corp (NYSE:VFC), DISH Network Corp (NASDAQ:DISH), Hewlett Packard Enterprise Co (NYSE:HPE), and Baxalta Inc. (NYSE:BXLT). All of these stocks’ market caps are closest to MYL’s market cap.

As you can see these stocks had an average of 40 hedge funds with bullish positions and the average amount invested in these stocks was $1.75 billion. That figure was $3.27 billion in MYL’s case. DISH Network Corp. (NASDAQ:DISH) is the most popular stock in this table. On the other hand V.F. Corporation (NYSE:VFC) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks Mylan Inc. (NASDAQ:MYL) 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.

Disclosure: None