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GRAPHIC-Performance of funds invested in GameStop in past 2 weeks

· 02/05/2021 04:42
GRAPHIC-Performance of funds invested in GameStop in past 2 weeks

- The Morgan Stanley Institutional Small Co. Inception Portfolio fund LP40006871 was among the top gainers among mutual funds over the past two weeks having exposure to videogame retailer GameStop GME.N, data from Refinitiv Lipper showed.

Crowds of retail punters sent shares in GameStop up by more than 2000% last month, causing some Wall Street hedge funds to lose billions of dollars on their short bets on the stock.

The Morgan Stanley fund, which had 346,943 shares of GameStop as per the latest filing, gained 23% in the last two weeks, according to the data, which was based on the last two weeks' price performance.

The fund's net assets rose 61% to $746.7 million in January, the data showed.

Shares of iShares Micro-Cap ETF LP40103078 and Cambria Shareholder Yield ETF LP40203676 also gained about 7% each in the past two weeks.

Shares of GameStop have fallen more than 83.5% in the first four days of this month as the retail frenzy faded.

Bottom performers in the past two weekshttps://tmsnrt.rs/3pN5wXs

Mutual fund gainers in the past two weekshttps://tmsnrt.rs/39PXaJh

(Reporting by Patturaja Murugaboopathy; Editing by Susan Fenton)