Institutional Investors Are Jumping Ship on Fisker Stock

According to WhaleWisdom, net institutional (or 13F) exposure to FSRN stock fell by a staggering 94.69% to 5.51 million shares as of the end of the first quarter. In addition, the number of 13F filers holding FSRN declined by 78.93% to just 51. Hedge funds, a subset of institutional investors, also jumped ship during Q1. Five hedge funds own a stake in Fisker, down from 45. The total number of shares owned by hedge funds plunged by 88.33% to 3.32 million. That paints an extremely bearish picture. Fisker's r ...