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If you like to follow what “smart money” traders like hedge fund managers and mutual fund managers are buying, you may be interested in this list.

We ran a screen on stocks currently trading under $5 for those seeing significant net institutional purchases over the current quarter.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬‬

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

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Do you think these will turn out to be winning investments for the smart money? Use this list as a starting-off point for your own analysis.

List sorted by net institutional purchases as a percent of share float.

1. ISTA Pharmaceuticals Inc. (ISTA): Develops, and markets remedies for diseases and conditions of the eye in the United States. Market cap of $173.30M. Price as of market close on 11/1 at $3.98. Net institutional shares purchased over the current quarter at 10.7M, which is 26.23% of the company's 40.80M share float. The stock has had a good month, gaining 20%.

2. Magnum Hunter Resources Corp. (MHR): Engages in the acquisition, development, and production of oil and natural gas primarily in West Virginia, North Dakota, Texas, and Louisiana. Market cap of $568.62M. Price as of market close on 11/1 at $4.30. Net institutional shares purchased over the current quarter at 28.1M, which is 25.66% of the company's 109.48M share float. The stock is a short squeeze candidate, with a short float at 25.45% (equivalent to 8.01 days of average volume). The stock has had a good month, gaining 35.95%.

3. Revett Minerals Inc (RVM): Engages in the exploration of copper and silver properties. Market cap of $143.35M. Price as of market close on 11/1 at $4.06. Net institutional shares purchased over the current quarter at 5.1M, which is 25.42% of the company's 20.06M share float. The stock has had a couple of great days, gaining 6.05% over the last week.

4. Theratechnologies Inc. (THER): Engages in the discovery and development of therapeutic peptide products with a focus on growth-hormone releasing factor (GRF) peptides. Market cap of $192.89M. Price as of market close on 11/1 at $2.91. Net institutional shares purchased over the current quarter at 13.0M, which is 24.07% of the company's 54.02M share float. The stock is a short squeeze candidate, with a short float at 5.33% (equivalent to 72.5 days of average volume). It's been a rough couple of days for the stock, losing 7.04% over the last week.

5. Dynegy Inc. (DYN): Engages in the production and sale of electric energy, capacity, and ancillary services in the United States. Market cap of $449.35M. Price as of market close on 11/1 at $3.40. Net institutional shares purchased over the current quarter at 18.0M, which is 22.48% of the company's 80.07M share float. The stock is currently stuck in a downtrend, trading 6.5% below its SMA20, 20.51% below its SMA50, and 36.99% below its SMA200. The stock has performed poorly over the last month, losing 10.92%.

6. Gold Reserve Inc. (GRZ): Engages in the acquisition, exploration, and development of mining projects. Market cap of $164.90M. Price as of market close on 11/1 at $2.69. Net institutional shares purchased over the current quarter at 7.2M, which is 22.07% of the company's 32.62M share float. The stock has had a couple of great days, gaining 13.06% over the last week.

7. Vista Gold Corp. (VGZ): Engages in the evaluation, acquisition, exploration, and advancement of gold exploration and development projects in Australia, North America, and Indonesia. Market cap of $257.10M. Price as of market close on 11/1 at $3.66. Net institutional shares purchased over the current quarter at 13.3M, which is 21.31% of the company's 62.40M share float. The stock is a short squeeze candidate, with a short float at 8.28% (equivalent to 5.76 days of average volume). The stock has had a couple of great days, gaining 7.44% over the last week.

8. The McClatchy Company (MNI): Operates as a newspaper publisher in the United States. Market cap of $133.76M. Price as of market close on 11/1 at $1.48. Net institutional shares purchased over the current quarter at 9.8M, which is 20.17% of the company's 48.58M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 3.07). The stock is a short squeeze candidate, with a short float at 47.34% (equivalent to 43.05 days of average volume). The stock has had a good month, gaining 17.16%.

9. Metabolix, Inc. (MBLX): Develops and commercializes alternatives to petrochemical-based plastics, chemicals, and energy. Market cap of $174.83M. Price as of market close on 11/1 at $4.76. Net institutional shares purchased over the current quarter at 5.9M, which is 19.59% of the company's 30.12M share float. The stock is a short squeeze candidate, with a short float at 24.25% (equivalent to 29. days of average volume). The stock has had a good month, gaining 17.12%.

10. DUSA Pharmaceuticals Inc. (DUSA): Develops and markets Levulan photodynamic therapy (PDT) and other products for common skin conditions primarily in the United States, Canada, and Korea. Market cap of $110.93M. Price as of market close on 11/1 at $4.06. Net institutional shares purchased over the current quarter at 4.0M, which is 19.58% of the company's 20.43M share float. The stock is a short squeeze candidate, with a short float at 5.4% (equivalent to 6.91 days of average volume). The stock has had a good month, gaining 21.62%.

11. China New Borun Corporation (BORN): Produces and distributes corn-based edible alcohol in the People's Republic of China. Market cap of $111.93M. Price as of market close on 11/1 at $4.06. Net institutional shares purchased over the current quarter at 1.1M, which is 19.20% of the company's 5.73M share float. The stock is a short squeeze candidate, with a short float at 5.1% (equivalent to 5.54 days of average volume). The stock has had a couple of great days, gaining 10.13% over the last week.

12. Celldex Therapeutics, Inc. (CLDX): Engages in the development, manufacture, and commercialization of targeted immunotherapies that prevent or treat specific forms of cancer, autoimmune disorders, and diseases caused by infectious organisms. Market cap of $141.72M. Price as of market close on 11/1 at $2.92. Net institutional shares purchased over the current quarter at 7.6M, which is 18.36% of the company's 41.40M share float. The stock is a short squeeze candidate, with a short float at 11.21% (equivalent to 17.74 days of average volume). The stock has had a couple of great days, gaining 15.47% over the last week.

13. Glu Mobile, Inc. (GLUU): Engages in the design, marketing, and sale of casual and traditional mobile games worldwide. Market cap of $191.37M. Price as of market close on 11/1 at $3.22. Net institutional shares purchased over the current quarter at 8.0M, which is 17.83% of the company's 44.88M share float. This is a risky stock that is significantly more volatile than the overall market (beta = 2.41). The stock has had a good month, gaining 43.6%.

14. Antares Pharma Inc. (AIS): Focuses on self-injection pharmaceutical products and technologies, and topical gel-based products. Market cap of $234.40M. Price as of market close on 11/1 at $2.20. Net institutional shares purchased over the current quarter at 12.9M, which is 17.14% of the company's 75.26M share float. The stock is a short squeeze candidate, with a short float at 7.69% (equivalent to 8.42 days of average volume). The stock has gained 62.14% over the last year.

15. Uroplasty Inc. (UPI): Engages in the development, manufacture, and marketing of products for the treatment of voiding dysfunctions. Market cap of $93.85M. Price as of market close on 11/1 at $4.56. Net institutional shares purchased over the current quarter at 2.7M, which is 17.11% of the company's 15.78M share float. The stock is a short squeeze candidate, with a short float at 11.28% (equivalent to 15.73 days of average volume). It's been a rough couple of days for the stock, losing 10.69% over the last week.

16. Voyager Oil & Gas, Inc. (VOG): Engages in the exploration and production of oil and gas in the United States. Market cap of $159.67M. Price as of market close on 11/1 at $2.59. Net institutional shares purchased over the current quarter at 7.3M, which is 16.91% of the company's 43.17M share float. The stock is a short squeeze candidate, with a short float at 6.88% (equivalent to 10.64 days of average volume). The stock has had a couple of great days, gaining 5.75% over the last week.

17. Advanced Semiconductor Engineering Inc. (ASX): Provides semiconductor packaging and testing services for semiconductor companies. Market cap of $5.97B. Price as of market close on 11/1 at $4.49. Net institutional shares purchased over the current quarter at 160.2M, which is 16.81% of the company's 953.28M share float. The stock has gained 0.23% over the last year.

18. Swisher Hygiene Inc. (SWSH): Provides hygiene and sanitation solutions in North America and internationally. Market cap of $345.22M. Price as of market close on 11/1 at $4.36. Net institutional shares purchased over the current quarter at 18.0M, which is 16.63% of the company's 108.26M share float. The stock is a short squeeze candidate, with a short float at 18.62% (equivalent to 17.8 days of average volume). It's been a rough couple of days for the stock, losing 8.98% over the last week.

19. TravelCenters of America LLC (TA): Operates and franchises travel centers primarily along the United States interstate highway system. Market cap of $139.69M. Price as of market close on 11/1 at $4.91. Net institutional shares purchased over the current quarter at 4.3M, which is 16.34% of the company's 26.31M share float. The stock has had a couple of great days, gaining 7.1% over the last week.

20. Odyssey Marine Exploration Inc. (OMEX): Engages in the exploration and recovery of deep-ocean shipwrecks worldwide. Market cap of $207.45M. Price as of market close on 11/1 at $2.78. Net institutional shares purchased over the current quarter at 11.2M, which is 16.31% of the company's 68.65M share float. The stock is a short squeeze candidate, with a short float at 17.18% (equivalent to 13.64 days of average volume). The stock has had a good month, gaining 15.85%.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: 20 Smart Money Stock Picks Trading Under $5