WisdomTree Japan Hedged SmallCap Equity Fund (NASDAQ:DXJS) Shares Down 0.8% - Here's What Happened

Key Points

• The WisdomTree Japan Hedged SmallCap Equity Fund (NASDAQ:DXJS) saw a 0.8% decline in share price, trading as low as $37.18 during Thursday's session.
• Institutional investors have been active, with Concurrent Investment Advisors LLC acquiring a new stake worth $222,000 and Mainstay Capital Management LLC ADV doubling its stake.
• The fund specifically targets Japanese small-cap stocks and is hedged for currency fluctuations between the USD and JPY.

WisdomTree Japan Hedged SmallCap Equity Fund (NASDAQ:DXJS - Get Free Report) shares were down 0.8% on Thursday . The stock traded as low as $37.18 and last traded at $37.44. Approximately 5,127 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 16,583 shares. The stock had previously closed at $37.76.

WisdomTree Japan Hedged SmallCap Equity Fund Stock Up 0.3%

The stock has a market capitalization of $81.61 million, a P/E ratio of 11.40 and a beta of 0.49.

Institutional Trading of WisdomTree Japan Hedged SmallCap Equity Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC acquired a new position in shares of WisdomTree Japan Hedged SmallCap Equity Fund during the 2nd quarter worth about $222,000. D.A. Davidson & CO. grew its position in shares of WisdomTree Japan Hedged SmallCap Equity Fund by 7.5% during the 2nd quarter. D.A. Davidson & CO. now owns 49,658 shares of the company's stock worth $1,815,000 after buying an additional 3,471 shares during the period. Finally, Mainstay Capital Management LLC ADV grew its position in shares of WisdomTree Japan Hedged SmallCap Equity Fund by 100.0% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 99,020 shares of the company's stock worth $3,620,000 after buying an additional 49,510 shares during the period.

About WisdomTree Japan Hedged SmallCap Equity Fund

The WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks a dividend-weighted index of Japanese small-cap stocks. The fund is hedged for currency fluctuations between the USD and JPY. DXJS was launched on Jun 28, 2013 and is managed by WisdomTree.