Almost 98% of Hess’s (HES) floating shares are currently held by 979 institutional investors. The percentage of float held has risen ~1% since 2Q16.
Since the end of 2Q16, the number of new institutional buyers of HES’s shares has risen 13%. The number of sellers has fallen from 310 to 309, and the number of sell-offs has risen ~11%.
In the final part of our series, we’ll look at the short interest trends in Hess’s stock.