Published on 28 Jun 2021 on Insider Monkey via Yahoo Finance

Where Do Hedge Funds Stand On China Jo Jo Drugstores Inc (CJJD)?

Although the masses and most of the financial media blame hedge funds for their exorbitant fee structure and disappointing performance, these investors have proved to have great stock picking abilities over the years (that's why their assets under management continue to swell). We believe hedge fund sentiment should serve as a crucial tool of an individual investor’s stock selection process, as it may offer great insights of how the brightest minds of the finance industry feel about specific stocks. After all, these people have access to smartest analysts and expensive data/information sources that individual investors can't match. So should one consider investing in China Jo Jo Drugstores Inc (NASDAQ:CJJD)? The smart money sentiment can provide an answer to this question.

China Jo Jo Drugstores Inc (NASDAQ:CJJD) investors should be aware of an increase in hedge fund interest lately. China Jo Jo Drugstores Inc (NASDAQ:CJJD) was in 6 hedge funds' portfolios at the end of March. The all time high for this statistic is 6. This means the bullish number of hedge fund positions in this stock currently sits at its all time high. There were 5 hedge funds in our database with CJJD positions at the end of the fourth quarter. Our calculations also showed that CJJD isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings).

To most investors, hedge funds are assumed to be underperforming, outdated investment tools of yesteryear. While there are over 8000 funds with their doors open today, We look at the masters of this group, around 850 funds. It is estimated that this group of investors administer the lion's share of the smart money's total asset base, and by keeping an eye on their highest performing picks, Insider Monkey has unearthed many investment strategies that have historically beaten the market. Insider Monkey's flagship short hedge fund strategy outstripped the S&P 500 short ETFs by around 20 percentage points annually since its inception in March 2017. Also, our monthly newsletter's portfolio of long stock picks returned 206.8% since March 2017 (through May 2021) and beat the S&P 500 Index by more than 115 percentage points. You can download a sample issue of this newsletter on our website .