Diamond Hill Long-Short Fund (DIAYX) Research
The Diamond Hill Long-Short Fund seeks to capitalize on mispricings within the U.S. stock market. It achieves this by purchasing shares of American companies, regardless of their size, that its investment management team identifies as undervalued. Simultaneously, the fund takes "short" positions against U.S. equities, also across all market capitalizations, that the team believes are trading above their intrinsic worth. The core of their strategy involves assessing a company's true value independently of its current market price. When engaging in short sales, the fund sells borrowed securities, anticipating a future drop in price that will enable it to buy them back more cheaply, thus generating a profit.
Market snapshot
- Symbol
- DIAYX
- Price
- $29.91
- Day change
- +0.10%
- Market cap
- $2.2B
- 52-week range
- 29-32.57
- Sector
- Financial Services
- Industry
- Asset Management
Peer companies
- Harbor Small Cap Value Fund (HSVRX)
- Northern Mid Cap Index Fund (NOMIX)
- T. Rowe Price New Asia Fund (PRASX)
- T. Rowe Price Spectrum Conservative Allocation Fund (PRSIX)
- T. Rowe Price Retirement Balanced Fund (RRTIX)
- T. Rowe Price Spectrum Moderate Allocation Fund (TRPBX)
- T. Rowe Price Retirement Balanced Fund (TRRIX)
- Vanguard Global Minimum Volatility Fund Admiral Shares (VMNVX)
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