WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ) Sees Significant Growth in Short Interest

WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 52,905 shares, a growth of 265.0% from the September 15th total of 14,494 shares. Based on an average trading volume of 25,528 shares, the days-to-cover ratio is currently 2.1 days. Approximately 0.9% of the shares of the company are sold short.

WisdomTree Japan Opportunities Fund Price Performance

Shares of WisdomTree Japan Opportunities Fund stock traded up $0.37 during trading on Friday, hitting $59.13. 22,835 shares of the company’s stock traded hands, compared to its average volume of 72,222. The firm’s fifty day moving average price is $58.77 and its 200 day moving average price is $57.78. WisdomTree Japan Opportunities Fund has a twelve month low of $41.10 and a twelve month high of $61.45. The company has a market cap of $337.04 million, a PE ratio of 11.40 and a beta of 0.27.

Institutional Trading of WisdomTree Japan Opportunities Fund

Hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC acquired a new stake in WisdomTree Japan Opportunities Fund during the 2nd quarter valued at $36,000. Citadel Advisors LLC raised its position in WisdomTree Japan Opportunities Fund by 8.3% in the 2nd quarter. Citadel Advisors LLC now owns 37,302 shares of the company’s stock valued at $2,151,000 after purchasing an additional 2,859 shares during the last quarter. SFG Wealth Management LLC. acquired a new position in WisdomTree Japan Opportunities Fund in the second quarter worth $427,000. Avant Capital LLC acquired a new position in WisdomTree Japan Opportunities Fund in the second quarter worth $802,000. Finally, JNBA Financial Advisors acquired a new position in WisdomTree Japan Opportunities Fund in the second quarter worth $2,656,000.

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.