WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ) Shares Break Below 200-Day Moving Average - Here's What Happened

Key Points

• OPPJ shares fell below their 200-day moving average of $56.81, reaching $56.09 before last trading at $56.61, down 2.7%.
• The fund has a market capitalization of approximately $322.7 million, a P/E ratio of 11.40, and a beta of 0.27.
• Institutional investors increased exposure during the third quarter, including Signal Advisors Wealth, which boosted its holdings by 40.3%, while several firms established new positions.

WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $56.81 and traded as low as $56.09. WisdomTree Japan Opportunities Fund shares last traded at $56.61, with a volume of 99,292 shares.

WisdomTree Japan Opportunities Fund Stock Down 2.7%

The firm has a market capitalization of $322.68 million, a P/E ratio of 11.40 and a beta of 0.27. The firm's 50-day simple moving average is $58.87 and its 200-day simple moving average is $56.81.

Hedge Funds Weigh In On WisdomTree Japan Opportunities Fund

Several institutional investors and hedge funds have recently made changes to their positions in OPPJ. Integrity Alliance LLC. purchased a new position in shares of WisdomTree Japan Opportunities Fund in the third quarter worth about $2,174,000. Avestar Capital LLC bought a new position in WisdomTree Japan Opportunities Fund in the 3rd quarter worth $1,238,000. D.A. Davidson & CO. purchased a new stake in WisdomTree Japan Opportunities Fund in the third quarter worth about $3,333,000. Berkeley Inc boosted its position in shares of WisdomTree Japan Opportunities Fund by 3.5% during the third quarter. Berkeley Inc now owns 235,824 shares of the company's stock valued at $14,011,000 after purchasing an additional 8,034 shares in the last quarter. Finally, Signal Advisors Wealth LLC boosted its holdings in shares of WisdomTree Japan Opportunities Fund by 40.3% during the 3rd quarter. Signal Advisors Wealth LLC now owns 103,865 shares of the company's stock valued at $6,171,000 after buying an additional 29,847 shares in the last quarter.

About WisdomTree Japan Opportunities Fund

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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