WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Sees Large Decline in Short Interest

WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 273,904 shares, a drop of 58.5% from the May 14th total of 659,620 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 226,188 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On WisdomTree Japan Hedged Equity Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stillwater Private Wealth LLC bought a new position in WisdomTree Japan Hedged Equity Fund in the 1st quarter valued at approximately $352,000. Parallel Advisors LLC lifted its stake in WisdomTree Japan Hedged Equity Fund by 15.0% in the 1st quarter. Parallel Advisors LLC now owns 1,288 shares of the exchange traded fund’s stock valued at $204,000 after purchasing an additional 168 shares during the last quarter. NewEdge Advisors LLC lifted its stake in WisdomTree Japan Hedged Equity Fund by 2.7% in the 1st quarter. NewEdge Advisors LLC now owns 44,270 shares of the exchange traded fund’s stock valued at $7,020,000 after purchasing an additional 1,183 shares during the last quarter. Dala Group LLC bought a new position in WisdomTree Japan Hedged Equity Fund in the 1st quarter valued at approximately $2,112,000. Finally, Essential Partners LLC lifted its stake in WisdomTree Japan Hedged Equity Fund by 21.1% in the 1st quarter. Essential Partners LLC now owns 4,694 shares of the exchange traded fund’s stock valued at $744,000 after purchasing an additional 817 shares during the last quarter.

WisdomTree Japan Hedged Equity Fund Trading Up 0.7%

NYSEARCA:DXJ traded up $1.25 on Friday, hitting $171.17. The company had a trading volume of 158,632 shares, compared to its average volume of 498,810. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 12.88 and a beta of 0.39. The firm has a 50 day moving average of $166.88 and a two-hundred day moving average of $157.88. WisdomTree Japan Hedged Equity Fund has a 52 week low of $111.49 and a 52 week high of $174.00.

About WisdomTree Japan Hedged Equity Fund

WisdomTree Japan Hedged Equity Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Japan Hedged Equity Index (the Index). The Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the United States dollar. In this sense, the Index hedges against fluctuations in the relative value of the yen against the United States dollar.