Fund flip-flops on this heavily-shorted company to go long after being short

Yost Partners was up 3.8% for the third quarter, while Yost Focused Long was down 0.6%. For comparison, the MSCI World was up 0.5% for the quarter. Year to date, both funds are up by about 15% net, slightly underperforming the MSCI World’s 17.6% return. Growing signs of a recession In his third-quarter letter to investors, which was reviewed by ValueWalk, Carson Yost said he expects the last two months of the year to offer excitement as traders look to avoid the plunge experienced in the markets last December. He predicts “swift factor rotations and further unwinding of popular trades…