WisdomTree European Opportunities Fund (NYSEARCA:OPPE – Get Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 51,174 shares, an increase of 281.3% from the July 30th total of 13,421 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 14,028 shares, the days-to-cover ratio is presently 3.6 days.
WisdomTree European Opportunities Fund Price Performance
NYSEARCA OPPE opened at $60.20 on Friday. WisdomTree European Opportunities Fund has a 1-year low of $46.64 and a 1-year high of $60.56. The firm has a market capitalization of $294.98 million, a P/E ratio of 11.72 and a beta of 0.62. The business’s 50-day simple moving average is $58.26 and its 200-day simple moving average is $56.62.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC grew its stake in WisdomTree European Opportunities Fund by 104.1% during the fourth quarter. Sanctuary Advisors LLC now owns 15,044 shares of the company’s stock worth $773,000 after buying an additional 7,672 shares during the period. D.A. Davidson & CO. purchased a new position in shares of WisdomTree European Opportunities Fund in the 4th quarter valued at $1,575,000. Comerica Bank purchased a new position in shares of WisdomTree European Opportunities Fund in the 4th quarter valued at $38,000. GC Wealth Management RIA LLC acquired a new position in shares of WisdomTree European Opportunities Fund during the 4th quarter valued at $4,457,000. Finally, Stephens Inc. AR acquired a new position in shares of WisdomTree European Opportunities Fund during the 4th quarter valued at $9,465,000.
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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