WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ) Sees Large Increase in Short Interest

WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 21,384 shares, a growth of 60.1% from the July 30th total of 13,353 shares. Based on an average daily trading volume, of 42,896 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Trading of WisdomTree Japan Opportunities Fund

A number of hedge funds have recently made changes to their positions in OPPJ. Raymond James Financial Inc. acquired a new stake in shares of WisdomTree Japan Opportunities Fund during the second quarter worth approximately $75,000. SFG Wealth Management LLC. acquired a new position in WisdomTree Japan Opportunities Fund in the 2nd quarter valued at approximately $427,000. Envestnet Asset Management Inc. purchased a new stake in WisdomTree Japan Opportunities Fund in the 3rd quarter worth approximately $515,000. Avant Capital LLC purchased a new stake in WisdomTree Japan Opportunities Fund in the 2nd quarter worth approximately $802,000. Finally, Jones Financial Companies Lllp lifted its position in WisdomTree Japan Opportunities Fund by 2,415.5% in the 1st quarter. Jones Financial Companies Lllp now owns 23,520 shares of the company’s stock worth $823,000 after buying an additional 22,585 shares in the last quarter.

WisdomTree Japan Opportunities Fund Trading Up 0.7%

NASDAQ OPPJ traded up $0.42 during trading on Wednesday, reaching $58.58. 15,988 shares of the company’s stock were exchanged, compared to its average volume of 74,029. WisdomTree Japan Opportunities Fund has a fifty-two week low of $40.59 and a fifty-two week high of $61.30. The firm has a market capitalization of $287.04 million, a PE ratio of 11.40 and a beta of 0.26. The company’s fifty day simple moving average is $57.55 and its 200-day simple moving average is $56.96.

WisdomTree Japan Opportunities Fund Company Profile

WisdomTree Japan Hedged SmallCap Equity Fund is an exchange-traded fund sponsored by WisdomTree Asset Management and listed on the Nasdaq under the ticker OPPJ. The fund is designed to provide investors with targeted exposure to small-capitalization companies in Japan.

OPPJ seeks to track the investment results of the WisdomTree Japan Hedged SmallCap Equity Index, before fees and expenses. The index is intended to represent the performance of dividend-paying small-cap Japanese companies selected and weighted according to WisdomTree’s rules-based methodology.

The fund also seeks to reduce the impact of fluctuations between the Japanese yen and the U.S.