5 Best Stocks For Day Trading

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1. Ebix, Inc. (NASDAQ:EBIX)

One Week Volatility: 20.81%

Number of Hedge Fund Investors In Q2 2023: 16

Ebix, Inc. (NASDAQ:EBIX) is a software company that provides different products to finance and insurance companies. It is one of the most highly shorted stocks on our list since 26% of its floating shares have been sold short.

As of Q2 2023 end, 16 out of the 910 hedge funds part of Insider Monkey’s database had invested in Ebix, Inc. (NASDAQ:EBIX). Out of these, the firm’s largest investor is D. E. Shaw’s D E Shaw since it owns 709,019 shares that are worth $17.8 million.

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Disclosure: None. You can also take a look at 10 Best Canadian ETFs and 13 NASDAQ Stocks with Lowest PE Ratios.

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