The hedgies are manipulating FIO. Mutual fund managers know the standard companies like NTAP, EMC, etc. so the larger big cap mutual funds don't know the business that well.
Besides, they are restricted to big cap stocks in storage. Small growers like FIO are too risky for these mutual funds. So until the company (FIO) has a narrow product line, no matter how much statements like "Data Centers Are Going All Flash" means nothing to bigger mutual funds.