Hedge Funds and ETFs Show Divergent Views on Petroleo Brasileiro (PBR)

2024-03-12

Petroleo Brasileiro (PBR) was under close scrutiny by 454 hedge funds, with a significant portion of shares being held by these funds. During the last quarter, 188 hedge funds were actively buying PBR shares, while 161 were selling, reflecting a mixed sentiment among hedge funds regarding the company. Notably, 30 hedge funds opted to double down on their positions in PBR, signaling a heightened level of confidence in the stock.

On the ETF front, 6 ETFs had holdings in PBR, collectively owning 12,382,638 shares. This data suggests that PBR is a favored choice among ETF investors, further solidifying its position in the market.

Key institutional investors such as GQG Partners LLC, BAILLIE GIFFORD & CO, and others were identified as top holders of PBR shares, underscoring their unwavering confidence in the company's performance and potential for growth.

The insights provided by sharkstracker.com offer a data-driven perspective of the market landscape, empowering investors to make well-informed decisions based on the activities of hedge funds and ETFs in relation to PBR.