Diamond Hill Long-Short Fund (DIAYX) Stock

About Diamond Hill Long-Short Fund

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.

Diamond Hill Long-Short Fund is headquartered in US.

Diamond Hill Long-Short Fund (DIAYX) stock trades at $32.23 with a market capitalization of $2.21B. The stock is valued at a price-to-earnings (P/E) ratio of 20.56. Over the past 52 weeks the stock has ranged between $29.39 and $32.57, and currently trades 1.0% below its 52-week high. It pays a dividend yielding 19.84%.

Official website: www.diamond-hill.com/investment-strategies/alternatives/long-short/mutual-fund/