Is WisdomTree Investments, Inc. (WETF) A Good Stock to Buy?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that said goodbye to their entire stakes in the stock during the third quarter. It’s worth mentioning that Vivek Mehta and Aaron Husock’s ShearLink Capital said goodbye to the biggest position of the 700 funds tracked by Insider Monkey, valued at about $3.5 million in stock, and Benjamin A. Smith’s Laurion Capital Management was right behind this move, as the fund cut about $0.9 million worth of shares.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as WisdomTree Investments, Inc. (NASDAQ:WETF) but similarly valued. We will take a look at Seaspan Corporation (NYSE:SSW), GNC Holdings Inc (NYSE:GNC), Adecoagro SA (NYSE:AGRO), and Accelerate Diagnostics Inc (NASDAQ:AXDX). This group of stocks’ market values match WETF’s market value.

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $157 million. That figure was $21 million in WETF’s case. GNC Holdings Inc (NYSE:GNC) is the most popular stock in this table. On the other hand Seaspan Corporation (NYSE:SSW) is the least popular one with only 7 bullish hedge fund positions. WisdomTree Investments, Inc. (NASDAQ:WETF) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard GNC might be a better candidate to consider taking a long position in.

Disclosure: None