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

WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ) saw a large 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. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 42,896 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On WisdomTree Japan Opportunities Fund

A number of large investors have recently bought and sold shares of OPPJ. Bank of America Corp DE grew its holdings 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 valued at $6,290,000 after purchasing an additional 17,008 shares during the last quarter. Jane Street Group LLC increased its position in WisdomTree Japan Opportunities Fund by 147.8% in the second quarter. Jane Street Group LLC now owns 56,988 shares of the company’s stock worth $2,083,000 after buying an additional 33,986 shares during the period. JNBA Financial Advisors acquired a new stake in WisdomTree Japan Opportunities Fund in the second quarter worth $2,656,000. Susquehanna International Group LLP lifted its stake in WisdomTree Japan Opportunities Fund by 6.2% in the third quarter. Susquehanna International Group LLP now owns 46,133 shares of the company’s stock valued at $1,687,000 after buying an additional 2,678 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of WisdomTree Japan Opportunities Fund by 5.6% during the second quarter. Corient Private Wealth LLC now owns 25,591 shares of the company’s stock valued at $936,000 after acquiring an additional 1,361 shares during the period.

WisdomTree Japan Opportunities Fund Price Performance

OPPJ traded up $0.42 during trading hours on Tuesday, hitting $58.14. 37,487 shares of the stock were exchanged, compared to its average volume of 74,298. WisdomTree Japan Opportunities Fund has a 12 month low of $40.30 and a 12 month high of $61.30. The stock has a 50-day simple moving average of $57.61 and a 200-day simple moving average of $56.95. The stock has a market cap of $284.89 million, a price-to-earnings ratio of 11.40 and a beta of 0.25.

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.