Short Interest in WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ) Declines By 80.4%

WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 4,201 shares, a drop of 80.4% from the August 15th total of 21,384 shares. Based on an average daily volume of 24,396 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Trading of WisdomTree Japan Opportunities Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new position in WisdomTree Japan Opportunities Fund during the 2nd quarter worth approximately $36,000. Raymond James Financial Inc. acquired a new stake in WisdomTree Japan Opportunities Fund in the second quarter worth $75,000. SFG Wealth Management LLC. acquired a new stake in WisdomTree Japan Opportunities Fund in the second quarter worth $427,000. Avant Capital LLC bought a new position in shares of WisdomTree Japan Opportunities Fund during the second quarter worth $802,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of WisdomTree Japan Opportunities Fund during the third quarter worth $515,000.

WisdomTree Japan Opportunities Fund Stock Up 2.2%

NASDAQ OPPJ traded up $1.31 on Friday, reaching $60.52. The company had a trading volume of 3,363 shares, compared to its average volume of 77,213. The stock’s 50 day moving average is $57.81 and its 200-day moving average is $57.07. The stock has a market cap of $296.52 million, a price-to-earnings ratio of 11.40 and a beta of 0.26. WisdomTree Japan Opportunities Fund has a 52 week low of $41.10 and a 52 week high of $61.30.

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.