WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Sees Large Increase in Short Interest

WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 724,950 shares, a growth of 199.6% from the September 30th total of 241,994 shares. Based on an average trading volume of 828,254 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s shares are short sold.

WisdomTree Japan Hedged Equity Fund Price Performance

WisdomTree Japan Hedged Equity Fund stock opened at $58.39 on Friday. The stock’s 50 day moving average is $59.73 and its 200 day moving average is $56.66. The firm has a market cap of $6.99 billion, a P/E ratio of 12.88 and a beta of 0.42. WisdomTree Japan Hedged Equity Fund has a one year low of $44.75 and a one year high of $61.55.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in WisdomTree Japan Hedged Equity Fund during the second quarter valued at about $36,000. Provenance Wealth Advisors LLC purchased a new stake in WisdomTree Japan Hedged Equity Fund during the third quarter worth about $36,000. Curry Webb Wealth Management LLC bought a new stake in WisdomTree Japan Hedged Equity Fund in the third quarter worth about $40,000. NBH Bank bought a new stake in WisdomTree Japan Hedged Equity Fund in the second quarter worth about $43,000. Finally, Evolution Wealth Management Inc. raised its position in WisdomTree Japan Hedged Equity Fund by 95.5% in the first quarter. Evolution Wealth Management Inc. now owns 301 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 147 shares during the period.

WisdomTree Japan Hedged Equity Fund Company Profile

WisdomTree Japan Hedged Equity Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Japan Hedged Equity Index (the Index). The Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the United States dollar. In this sense, the Index hedges against fluctuations in the relative value of the yen against the United States dollar.