HCG Shorters are RetreatingAccording to Bloomberg/Imarkit data, HCG shorters are retreating in large droves. Research analysts are saying the Canadian housing short trade is no longer attractive as Canadian government is managing the housing cool down. Momentum hedge funds are all covering their shorts as the short trade hype is dying down with BRK's investment and new management team.
HCG is still trading at a large discount to BV as compared to its peers. The highest ranking analysts are recommending "buy".