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While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the third quarter and hedging or reducing many of their long positions. Some fund managers are betting on Dow hitting 40,000 to generate strong returns. However, as we know, big investors usually buy stocks with strong fundamentals that can deliver gains both in bull and bear markets, which is why we believe we can profit from imitating them. In this article, we are going to take a look at the smart money sentiment surrounding Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP).

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) investors should be aware of an increase in hedge fund interest recently. Our calculations also showed that WHLRP isn't among the 30 most popular stocks among hedge funds (see the video below).

Video: Click the image to watch our video about the top 5 most popular hedge fund stocks.

According to most shareholders, hedge funds are assumed to be unimportant, old investment vehicles of years past. While there are greater than 8000 funds trading at the moment, Our researchers hone in on the bigwigs of this group, approximately 750 funds. Most estimates calculate that this group of people oversee bulk of the hedge fund industry's total capital, and by following their finest equity investments, Insider Monkey has spotted a number of investment strategies that have historically outrun Mr. Market. Insider Monkey's flagship short hedge fund strategy defeated the S&P 500 short ETFs by around 20 percentage points per annum since its inception in May 2014. Our portfolio of short stocks lost 27.8% since February 2017 (through November 21st) even though the market was up more than 39% during the same period. We just shared a list of 7 short targets in our latest quarterly update .

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James Dondero of Highland Capital Management[/caption]

Let's go over the latest hedge fund action surrounding Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP).

What have hedge funds been doing with Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP)?

At the end of the third quarter, a total of 2 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 2 from the second quarter of 2019. By comparison, 0 hedge funds held shares or bullish call options in WHLRP a year ago. So, let's examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves.