WisdomTree European Opportunities Fund (NYSEARCA:OPPE – Get Free Report) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 18,403 shares, a growth of 112.0% from the May 14th total of 8,681 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 20,359 shares, the days-to-cover ratio is presently 0.9 days.
WisdomTree European Opportunities Fund Stock Performance
NYSEARCA OPPE traded up $0.12 on Friday, hitting $58.12. 6,239 shares of the stock were exchanged, compared to its average volume of 42,454. WisdomTree European Opportunities Fund has a 52-week low of $45.48 and a 52-week high of $58.44. The firm has a market capitalization of $296.41 million, a P/E ratio of 11.72 and a beta of 0.62. The stock has a fifty day moving average price of $56.81 and a two-hundred day moving average price of $54.18.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in OPPE. BridgePort Financial Solutions LLC acquired a new position in WisdomTree European Opportunities Fund in the 4th quarter valued at $216,000. Cathy Pareto & Associates Inc. acquired a new position in WisdomTree European Opportunities Fund in the 4th quarter valued at $6,941,000. E&G Advisors LP acquired a new position in WisdomTree European Opportunities Fund in the 4th quarter valued at $338,000. Private Trust Co. NA acquired a new position in WisdomTree European Opportunities Fund in the 4th quarter valued at $145,000. Finally, Berkeley Inc acquired a new position in WisdomTree European Opportunities Fund in the 4th quarter valued at $718,000.
WisdomTree European Opportunities Fund Company Profile
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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