WisdomTree European Opportunities Fund (NYSEARCA:OPPE – Get Free Report) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 23,989 shares, a drop of 63.2% from the February 12th total of 65,236 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 43,648 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 43,648 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the shares of the company are short sold.
WisdomTree European Opportunities Fund Price Performance
NYSEARCA OPPE traded down $0.40 on Friday, reaching $52.60. The stock had a trading volume of 226,529 shares, compared to its average volume of 60,837. The company has a market cap of $231.44 million, a P/E ratio of 11.72 and a beta of 0.72. The firm has a fifty day moving average of $54.10 and a two-hundred day moving average of $51.00. WisdomTree European Opportunities Fund has a 1-year low of $37.15 and a 1-year high of $56.38.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in OPPE. LPL Financial LLC acquired a new stake in WisdomTree European Opportunities Fund during the fourth quarter worth approximately $13,019,000. Sonoma Allocations LLC acquired a new position in WisdomTree European Opportunities Fund in the fourth quarter valued at about $10,362,000. Stephens Inc. AR acquired a new stake in WisdomTree European Opportunities Fund during the fourth quarter worth about $9,465,000. Cathy Pareto & Associates Inc. bought a new position in WisdomTree European Opportunities Fund in the 4th quarter valued at about $6,941,000. Finally, GC Wealth Management RIA LLC bought a new stake in shares of WisdomTree European Opportunities Fund during the 4th quarter worth approximately $4,457,000.
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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