WisdomTree European Opportunities Fund (NYSEARCA:OPPE) Sees Significant Increase in Short Interest

WisdomTree European Opportunities Fund (NYSEARCA:OPPE) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 51,174 shares, a growth of 281.3% from the July 30th total of 13,421 shares. Based on an average daily trading volume, of 14,028 shares, the short-interest ratio is presently 3.6 days. Approximately 1.0% of the company’s shares are short sold.

WisdomTree European Opportunities Fund Stock Down 0.2%

OPPE opened at $60.25 on Thursday. WisdomTree European Opportunities Fund has a 52-week low of $46.64 and a 52-week high of $60.56. The company has a 50 day moving average of $58.14 and a two-hundred day moving average of $56.56. The company has a market cap of $295.23 million, a P/E ratio of 11.72 and a beta of 0.62.

Institutional Investors Weigh In On WisdomTree European Opportunities Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. SFG Wealth Management LLC. purchased a new stake in shares of WisdomTree European Opportunities Fund during the second quarter valued at approximately $431,000. Spinnaker Investment Group LLC increased its stake in WisdomTree European Opportunities Fund by 14.0% during the 2nd quarter. Spinnaker Investment Group LLC now owns 44,722 shares of the company’s stock worth $2,496,000 after buying an additional 5,486 shares during the period. Sonoma Allocations LLC lifted its holdings in WisdomTree European Opportunities Fund by 16.9% in the 2nd quarter. Sonoma Allocations LLC now owns 243,924 shares of the company’s stock worth $13,566,000 after buying an additional 35,238 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in WisdomTree European Opportunities Fund by 21.1% in the 1st quarter. Quantinno Capital Management LP now owns 23,716 shares of the company’s stock worth $1,274,000 after buying an additional 4,130 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in WisdomTree European Opportunities Fund in the 1st quarter valued at about $506,000.

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.