Hedge Fund Bulls Have Left Oil Market Looking Very Stretched: Kemp (Reuters)
Hedge funds and other money managers have boosted their bullish position in oil to a new record, but with crude taking over from fuels as the main target of fresh buying. Hedge funds boosted their net long position in the six most important futures and options contracts linked to crude and fuels by 67 million barrels to a record 1,399 million barrels in the week to Jan. 9. Portfolio managers have increased their net long position in Brent, NYMEX and ICE WTI, U.S. gasoline, U.S. heating oil and European gasoil by a total of 1,089 million barrels since the end of June.
Rokos Hedge Fund Is Said to Lose in 2017 as Macro Peers Suffer (Bloomberg)
Chris Rokos’ hedge fund lost 3.4 percent last year, joining a number of large macro-trading peers who struggled to make money, according to a person with knowledge of the matter. The Rokos Global Macro Master Fund lost most of the money in December, said the person who asked not to be identified because the information was private. A spokesman for the London-based hedge fund, which manages about $7 billion, declined to comment.
Insider Buying: Fusion Antibodies PLC (FAB) Insider Acquires 15,593 Shares of Stock (Week Herald)
Fusion Antibodies PLC (LON:FAB) insider Sonya Maria Ferguson bought 15,593 shares of the company’s stock in a transaction that occurred on Monday, January 15th. The stock was purchased at an average cost of GBX 160 ($2.17) per share, with a total value of £24,948.80 ($33,833.47).
NVIDIA Corporation (NVDA) And Insider Trading Activity (GKMen.com)
DorseyWright & Associates sold 18,022 shares as Nvidia Corp Com (NVDA)’s stock rose 26.83%. Peddock Capital Advisors Llc who had been investing in Nvidia Corp for a number of months, seems to be less bullish one the $135.13 billion market cap company. The stock has been active on the tape, now trading at $222.98, down from yesterday’s close by -0.49%. State Board of Administration of Florida Retirement System now owns 829,595 shares of the computer hardware maker’s stock valued at $148,307,000 after buying an additional 9,565 shares during the last quarter. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since January 15, 2017 and is uptrending.
Insider Selling: Chase Co. (CCF) Director Sells 120 Shares of Stock (Dispatch Tribunal)
Chase Co. (NYSEAMERICAN:CCF) Director Everett Chadwick, Jr. sold 120 shares of Chase stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $116.00, for a total value of $13,920.00. Following the completion of the transaction, the director now directly owns 1,277 shares in the company, valued at $148,132. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Shares of Chase Co. (NYSEAMERICAN:CCF) opened at $116.20 on Tuesday. The firm has a market capitalization of $1,090.00, a P/E ratio of 27.54 and a beta of 0.98. Chase Co. has a 1 year low of $82.85 and a 1 year high of $129.55.
Insider Buying: Kingsway Financial Services Inc. (NYSE:KFS) Director Acquires 2,566 Shares of Stock (The Ledger Gazette)
Kingsway Financial Services Inc. (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell purchased 2,566 shares of the stock in a transaction on Thursday, December 28th. The stock was acquired at an average cost of $5.05 per share, for a total transaction of $12,958.30. The transaction was disclosed in a document filed with the SEC.
