WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Sees Large Decline in Short Interest

WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 273,904 shares, a drop of 58.5% from the May 14th total of 659,620 shares. Based on an average daily volume of 226,188 shares, the short-interest ratio is presently 1.2 days. Approximately 0.7% of the shares of the stock are sold short.

WisdomTree Japan Hedged Equity Fund Stock Performance

Shares of DXJ opened at $169.92 on Friday. WisdomTree Japan Hedged Equity Fund has a 52-week low of $111.49 and a 52-week high of $174.00. The business’s fifty day moving average is $166.70 and its 200-day moving average is $157.78. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 12.88 and a beta of 0.39.

Hedge Funds Weigh In On WisdomTree Japan Hedged Equity Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC increased its stake in shares of WisdomTree Japan Hedged Equity Fund by 6.3% in the 4th quarter. Parallel Advisors LLC now owns 1,120 shares of the exchange traded fund’s stock valued at $162,000 after purchasing an additional 66 shares during the last quarter. Brown Lisle Cummings Inc. increased its stake in shares of WisdomTree Japan Hedged Equity Fund by 1.7% in the 1st quarter. Brown Lisle Cummings Inc. now owns 4,722 shares of the exchange traded fund’s stock valued at $749,000 after purchasing an additional 79 shares during the last quarter. K2 Financial Inc. increased its stake in shares of WisdomTree Japan Hedged Equity Fund by 2.3% in the 1st quarter. K2 Financial Inc. now owns 3,695 shares of the exchange traded fund’s stock valued at $597,000 after purchasing an additional 83 shares during the last quarter. Oxinas Partners LLC increased its stake in shares of WisdomTree Japan Hedged Equity Fund by 1.0% in the 4th quarter. Oxinas Partners LLC now owns 10,146 shares of the exchange traded fund’s stock valued at $1,463,000 after purchasing an additional 98 shares during the last quarter. Finally, Allworth Financial LP increased its stake in shares of WisdomTree Japan Hedged Equity Fund by 16.2% in the 3rd quarter. Allworth Financial LP now owns 725 shares of the exchange traded fund’s stock valued at $93,000 after purchasing an additional 101 shares during the last quarter.

About WisdomTree Japan Hedged Equity Fund

WisdomTree Japan Hedged Equity Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Japan Hedged Equity Index (the Index). The Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the United States dollar. In this sense, the Index hedges against fluctuations in the relative value of the yen against the United States dollar.