WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ) Stock Passes Below 50-Day Moving Average – Here’s What Happened

WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $57.83 and traded as low as $55.60. WisdomTree Japan Opportunities Fund shares last traded at $56.40, with a volume of 36,148 shares trading hands.

WisdomTree Japan Opportunities Fund Stock Down 1.5%

The stock has a market cap of $276.36 million, a price-to-earnings ratio of 11.40 and a beta of 0.25. The business’s fifty day moving average is $57.83 and its two-hundred day moving average is $56.64.

Institutional Investors Weigh In On WisdomTree Japan Opportunities Fund

A number of hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its position in shares of WisdomTree Japan Opportunities Fund by 2,415.5% during the first quarter. Jones Financial Companies Lllp now owns 23,520 shares of the company’s stock worth $823,000 after buying an additional 22,585 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in WisdomTree Japan Opportunities Fund during the second quarter worth approximately $75,000. Jane Street Group LLC raised its stake in WisdomTree Japan Opportunities Fund by 147.8% during the 2nd quarter. Jane Street Group LLC now owns 56,988 shares of the company’s stock worth $2,083,000 after acquiring an additional 33,986 shares in the last quarter. Bank of America Corp DE increased its position in shares of WisdomTree Japan Opportunities Fund by 11.0% during the second quarter. Bank of America Corp DE now owns 172,059 shares of the company’s stock worth $6,290,000 after purchasing an additional 17,008 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in WisdomTree Japan Opportunities Fund by 5.6% during the 2nd quarter. Corient Private Wealth LLC now owns 25,591 shares of the company’s stock worth $936,000 after purchasing an additional 1,361 shares during the period.

WisdomTree Japan Opportunities Fund Company Profile

WisdomTree Japan Hedged SmallCap Equity Fund is an exchange-traded fund sponsored by WisdomTree Asset Management and listed on the Nasdaq under the ticker OPPJ. The fund is designed to provide investors with targeted exposure to small-capitalization companies in Japan.

OPPJ seeks to track the investment results of the WisdomTree Japan Hedged SmallCap Equity Index, before fees and expenses. The index is intended to represent the performance of dividend-paying small-cap Japanese companies selected and weighted according to WisdomTree’s rules-based methodology.

The fund also seeks to reduce the impact of fluctuations between the Japanese yen and the U.S.