WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ) Short Interest Up 60.1% in August

Key Points

• Short interest surged 60.1% to 21,384 shares as of August 14, up from 13,353 shares on July 30. Short interest represents approximately 0.4% of OPPJ’s shares, with a days-to-cover ratio of 0.5.
• OPPJ shares fell 0.3% to $57.65 during Monday’s trading session. The fund has a 12-month trading range of $39.91 to $61.30 and a market capitalization of approximately $282.5 million.
• Several institutional investors increased their holdings, including Jane Street Group, which raised its position by 147.8%, and Bank of America, which increased its stake by 11.0%. OPPJ provides exposure to dividend-paying small-cap Japanese companies while seeking to hedge yen-dollar currency fluctuations.

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

WisdomTree Japan Opportunities Fund Stock Down 0.3%

Shares of WisdomTree Japan Opportunities Fund stock traded down $0.20 during midday trading on Monday, hitting $57.65. The company had a trading volume of 12,897 shares, compared to its average volume of 74,559. The company has a fifty day simple moving average of $57.65 and a 200 day simple moving average of $56.93. The stock has a market cap of $282.49 million, a price-to-earnings ratio of 11.40 and a beta of 0.25. WisdomTree Japan Opportunities Fund has a 12-month low of $39.91 and a 12-month high of $61.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in shares of WisdomTree Japan Opportunities Fund by 11.0% during the second quarter. Bank of America Corp DE now owns 172,059 shares of the company's stock worth $6,290,000 after buying an additional 17,008 shares during the period. Jane Street Group LLC increased its position in shares of WisdomTree Japan Opportunities Fund by 147.8% in the 2nd quarter. Jane Street Group LLC now owns 56,988 shares of the company's stock valued at $2,083,000 after acquiring an additional 33,986 shares during the period. JNBA Financial Advisors purchased a new position in WisdomTree Japan Opportunities Fund in the 2nd quarter worth $2,656,000. Susquehanna International Group LLP raised its stake in WisdomTree Japan Opportunities Fund by 6.2% in the 3rd quarter. Susquehanna International Group LLP now owns 46,133 shares of the company's stock worth $1,687,000 after acquiring an additional 2,678 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in WisdomTree Japan Opportunities Fund by 5.6% during the 2nd quarter. Corient Private Wealth LLC now owns 25,591 shares of the company's stock worth $936,000 after acquiring an additional 1,361 shares during the period.

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.

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