These 2 Hedge Funds Just Cut Cascade Microtech Significantly

Hedge funds, Cascade Microtech: In a filing from a couple of minutes ago, two hedge funds disclosed their bearish moves in the testing and measurement equipment company Cascade Microtech, Inc. (NASDAQ:CSCD).  Matthew Drapkin and Steven R. Becker‘s Becker Drapkin Management reported cutting down their position to 971,745 shares, equal to 6.7% of the company’s common stock. Earlier in August, Becker Drapkin disclosed holding around 1.1 million shares.

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In the second filing, RGM Capital disclosed it is also reducing its position in Cascade Microtech to 4.1%. This is a little over half what they held before the cut.

Disclosure: none

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