Hussman Strategic Advisors Increases Etsy Stake to $4.66 Million

Hussman Strategic Advisors has increased its position in Etsy by 42,000 shares, bringing its total stake to $4.66 million. This represents a 42% increase in its Etsy holdings and makes the company its second-largest holding. The fund's purchase is interesting as Etsy is in the midst of a turnaround, with its core marketplace business showing stale growth but recently delivering 300 basis points of gross merchandise sales growth and a 6% increase in revenue.