Global Hedge Funds Industry had Net Outflows of $27.5bn in Q2 (Opalesque)
ETFGI reported that the global Hedge Funds industry suffered net outflows of US$27.5 billion (source HFR) while the Global ETFs industry gathered net inflows of US$157.7 billion in Q2 2022. Assets invested in the global ETFs industry are US$5.04 trillion larger than the assets invested in the global hedge fund industry at the end of Q2 2022. During the second quarter of 2022, ETFs/ETPs listed globally gathered $157.7 billion in net inflows, according to ETFGI’s Global ETF and ETP industry insights report. In contrast, HFR reported that hedge suffered net outflows of $27.5 billion in Q2 2022.
Robinhood, Procter & Gamble And 3 Other Big Stocks Insiders Are Selling (Benzinga)
S&P Global: The Trade: S&P Global Inc. (SPGI) Executive Advisor John Berisford sold a total of 13,450 shares at an average price of $370.59. The insider received around $4.98 million from selling those shares. What’s Happening: S&P Global recently reported second-quarter FY22 revenue growth of 42% year-on-year to $2.99 billion, missing the consensus of $3.01 billion. Procter & Gamble Company: The Trade: The Procter & Gamble Company (PG) CEO – Baby, Fem & Family Care Ma. Fatima Francisco sold a total of 4,000 shares at an average price of $146.00. The insider received around $584 thousand as a result of the transaction.
Wednesday 8/10 Insider Buying Report: BSM, RKT (Nasdaq.com)
On Friday, Black Stone Minerals’ CEO and Chairman, Thomas L. Carter Jr., made a $744,172 buy of BSM, purchasing 50,000 shares at a cost of $14.88 a piece. Investors have the opportunity to pick up BSM even cheaper than Carter Jr. did, with the stock changing hands as low as $14.52 at last check today which is 2.4% below Carter Jr.’s purchase price. Black Stone Minerals LP is trading down about 0.4% on the day Wednesday. This purchase marks the first one filed by Carter Jr. in the past year. And at Rocket Companies, there was insider buying on Monday, by Chief Executive Officer Jay Farner who purchased 60,700 shares at a cost of $9.85 each, for a total investment of $598,005.
Insider Selling This Technology Stock (Business Insider)
TTM Technologies: The Trade: TTM Technologies, Inc. (NASDAQ:TTMI) EVP, General Counsel Daniel J Weber sold a total of 10,000 shares at an average price of $16.36. The insider received around $163.59 thousand from selling those shares. What’s Happening: TTM Technologies recently reported better-than-expected Q2 EPS and sales results. What TTM Technologies Does: TTM Technologies Inc manufactures printed circuit boards. The company is based in the United States and derives roughly half of its revenue domestically.
Why the World’s Smartest Investors Are Selling This Crypto Stock (The Motley Fool)
After a brutal year, Coinbase just can’t catch a break. As cryptocurrencies rise in popularity, the Securities and Exchange Commission (SEC) faces a new battle to determine its reach and jurisdiction over the new asset class. In its latest confrontation with the crypto market, the SEC will be evaluating whether Coinbase (COIN) listed cryptocurrencies that technically met the criteria of being a security. If so, it would mean Coinbase could face fines and possibly even a hit to its business model.
