WisdomTree European Opportunities Fund (NYSEARCA:OPPE – Get Free Report) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 19,185 shares, a growth of 59.9% from the August 31st total of 11,997 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 11,540 shares, the days-to-cover ratio is currently 1.7 days.
WisdomTree European Opportunities Fund Price Performance
Shares of OPPE stock traded up $0.48 on Friday, hitting $57.32. The company’s stock had a trading volume of 2,433 shares, compared to its average volume of 32,646. WisdomTree European Opportunities Fund has a fifty-two week low of $48.20 and a fifty-two week high of $60.56. The firm’s fifty day moving average price is $59.53 and its 200-day moving average price is $57.41. The stock has a market capitalization of $286.58 million, a price-to-earnings ratio of 11.72 and a beta of 0.62.
Hedge Funds Weigh In On WisdomTree European Opportunities Fund
Institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in shares of WisdomTree European Opportunities Fund by 68.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,070 shares of the company’s stock valued at $450,000 after acquiring an additional 3,268 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in WisdomTree European Opportunities Fund by 2.2% in the 2nd quarter. NewEdge Advisors LLC now owns 18,198 shares of the company’s stock worth $1,016,000 after purchasing an additional 394 shares during the last quarter. Corient Private Wealth LP boosted its position in WisdomTree European Opportunities Fund by 1.8% during the second quarter. Corient Private Wealth LP now owns 41,678 shares of the company’s stock worth $2,326,000 after purchasing an additional 724 shares during the period. SFG Wealth Management LLC. bought a new stake in WisdomTree European Opportunities Fund during the second quarter worth approximately $431,000. Finally, Spinnaker Investment Group LLC grew its holdings in WisdomTree European Opportunities Fund by 14.0% during the second quarter. Spinnaker Investment Group LLC now owns 44,722 shares of the company’s stock valued at $2,496,000 after purchasing an additional 5,486 shares during the last quarter.
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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