Hedge Funds Are Selling Daseke, Inc. (NASDAQ:DSKE)

A market correction in the fourth quarter, spurred by a number of global macroeconomic concerns and rising interest rates ended up having a negative impact on the markets and many hedge funds as a result. The stocks of smaller companies were especially hard hit during this time as investors fled to investments seen as being safer. This is evident in the fact that the Russell 2000 ETF underperformed the S&P 500 ETF by 4 percentage points during the first half of the fourth quarter. We also received indications that hedge funds were trimming their positions amid the market volatility and uncertainty, and given their greater inclination towards smaller cap stocks than other investors, it follows that a stronger sell-off occurred in those stocks. Let’s study the hedge fund sentiment to see how those concerns affected their ownership of Daseke, Inc. (NASDAQ:DSKE) during the quarter.

Daseke, Inc. (NASDAQ:DSKE) has experienced a decrease in enthusiasm from smart money recently. The company wasn’t one of the 30 most popular stocks among hedge funds.

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