Millennium Group International Holdings Limited shares rise 5.99% after-hours as hedge funds remain cautious on U.S. stocks.

Millennium Group International Holdings Limited rose 5.99% in after-hours trading. Hedge funds remain cautious about buying U.S. stocks, even with a potential U.S. rate cut on the horizon, after becoming net sellers in August. This cautious sentiment could be influencing the stock's movement, as hedge funds have stayed out of the recent rally out of caution.