Hedge funds, Cascade Microtech: In a filing from a couple of minutes ago, two hedge funds disclosed their bearish moves in the testing and measurement equipment company Cascade Microtech, Inc. (NASDAQ:CSCD). Matthew Drapkin and Steven R. Becker‘s Becker Drapkin Management reported cutting down their position to 971,745 shares, equal to 6.7% of the company’s common stock. Earlier in August, Becker Drapkin disclosed holding around 1.1 million shares.
In the second filing, RGM Capital disclosed it is also reducing its position in Cascade Microtech to 4.1%. This is a little over half what they held before the cut.