Small-Cap ETF Fallout; Hedge Funds Most Bearish Since ’04

Investors are dumping small-capitalization stock exchange traded funds, with large money managers taking their most bearish stance on the asset class category since 2004. Over the past month, the iShares Russell 2000 ETF (NYSEArca: IWM), which tracks the Russell 2000 Index, saw $2.4 billion in...