WisdomTree European Opportunities Fund (NYSEARCA:OPPE – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 19,185 shares, an increase of 59.9% from the August 31st total of 11,997 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 11,540 shares, the short-interest ratio is currently 1.7 days.
WisdomTree European Opportunities Fund Stock Down 1.0%
Shares of OPPE traded down $0.60 on Wednesday, hitting $57.57. 42,840 shares of the stock traded hands, compared to its average volume of 32,913. WisdomTree European Opportunities Fund has a 1 year low of $48.20 and a 1 year high of $60.56. The stock’s 50 day moving average is $59.54 and its two-hundred day moving average is $57.34. The firm has a market capitalization of $287.85 million, a P/E ratio of 11.72 and a beta of 0.62.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in OPPE. Sonoma Allocations LLC purchased a new stake in shares of WisdomTree European Opportunities Fund in the fourth quarter valued at $10,362,000. WESCAP Management Group Inc. purchased a new position in WisdomTree European Opportunities Fund during the fourth quarter worth about $3,834,000. Stephens Inc. AR lifted its position in WisdomTree European Opportunities Fund by 30.5% during the first quarter. Stephens Inc. AR now owns 240,471 shares of the company’s stock worth $12,916,000 after buying an additional 56,181 shares during the period. Corient Private Wealth LLC acquired a new stake in WisdomTree European Opportunities Fund in the 4th quarter worth about $2,105,000. Finally, D.A. Davidson & CO. boosted its stake in WisdomTree European Opportunities Fund by 37.7% in the 1st quarter. D.A. Davidson & CO. now owns 42,238 shares of the company’s stock worth $2,269,000 after buying an additional 11,569 shares during the last quarter.
About WisdomTree European Opportunities Fund
The WisdomTree Europe Hedged SmallCap Equity Fund seeks to provide exposure to small-cap European equities while hedging against fluctuations between the U.S. dollar and the euro. The fund aims to mitigate currency risk for U.S. investors investing in European small-cap companies.
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