Hedge Funds Bet Stocks in Hottest Sectors Are Headed for a Fall
- Tesla, Advantest share prices have more than doubled this year
- Hazeltree data tracks popular regional shorts for hedge funds
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Hedge funds are betting that stocks in some of the market’s hottest sectors are headed for a fall, amid concern over how long the boom in electric vehicles, luxury goods and artificial intelligence will last.
Electric-car maker Tesla Inc., Gucci owner Kering and Japanese chipmaker Advantest Corp. were the large-cap stocks with the highest percentage of funds shorting them last month in their respective regions, according to data compiled by Hazeltree, which provides treasury services to institutional investors including hedge funds.