WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ) Stock Short Interest Jumps 265.0%

WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 52,905 shares, a growth of 265.0% from the September 15th total of 14,494 shares. Based on an average trading volume of 25,528 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.9% of the shares of the company are sold short.

Institutional Trading of WisdomTree Japan Opportunities Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new stake in WisdomTree Japan Opportunities Fund during the 2nd quarter worth about $36,000. Citadel Advisors LLC boosted its stake in WisdomTree Japan Opportunities Fund by 8.3% in the 2nd quarter. Citadel Advisors LLC now owns 37,302 shares of the company’s stock worth $2,151,000 after purchasing an additional 2,859 shares during the period. SFG Wealth Management LLC. purchased a new position in WisdomTree Japan Opportunities Fund during the 2nd quarter valued at about $427,000. Avant Capital LLC purchased a new position in WisdomTree Japan Opportunities Fund during the 2nd quarter valued at about $802,000. Finally, JNBA Financial Advisors purchased a new position in WisdomTree Japan Opportunities Fund during the 2nd quarter valued at about $2,656,000.

WisdomTree Japan Opportunities Fund Price Performance

Shares of NASDAQ:OPPJ traded down $0.34 during trading on Monday, hitting $58.79. 13,974 shares of the company were exchanged, compared to its average volume of 71,923. WisdomTree Japan Opportunities Fund has a 52-week low of $41.14 and a 52-week high of $61.45. The stock has a 50 day moving average of $58.80 and a 200 day moving average of $57.87. The company has a market cap of $335.10 million, a PE ratio of 11.40 and a beta of 0.27.

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.