Why a Fund Dumped a $26 Million Position in a Stock Up 129% This Past Year

After a massive run, it looks like one fund thought the risk-reward had flipped and decided to lock in gains.On November 13, Dallas-based Anson Funds Management disclosed it sold out of Perpetua Resources (PPTA 1.22%), liquidating 2.15 million worth an estimated $26.1 million.What HappenedAnson Funds Management reported a complete sale of its stake in Perpetua Resources (PPTA 1.22%), removing the position from its portfolio in the third quarter. The fund liquidated 2.15 million shares, with the transaction’ ...