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

WisdomTree European Opportunities Fund (NYSEARCA:OPPE) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 7,771 shares, a drop of 67.6% from the February 26th total of 23,989 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 117,405 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 117,405 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On WisdomTree European Opportunities Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbour Investments Inc. bought a new stake in shares of WisdomTree European Opportunities Fund in the 4th quarter worth approximately $34,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of WisdomTree European Opportunities Fund during the 4th quarter worth approximately $35,000. Comerica Bank bought a new stake in shares of WisdomTree European Opportunities Fund during the fourth quarter valued at approximately $38,000. Kestra Advisory Services LLC acquired a new position in shares of WisdomTree European Opportunities Fund in the fourth quarter valued at $76,000. Finally, Blair William & Co. IL acquired a new position in shares of WisdomTree European Opportunities Fund in the fourth quarter valued at $103,000.

WisdomTree European Opportunities Fund Stock Performance

Shares of NYSEARCA:OPPE traded up $0.87 on Wednesday, hitting $52.94. 4,789 shares of the company were exchanged, compared to its average volume of 55,874. The company’s 50 day moving average price is $54.12 and its two-hundred day moving average price is $51.30. The firm has a market capitalization of $232.91 million, a price-to-earnings ratio of 11.72 and a beta of 0.72. WisdomTree European Opportunities Fund has a one year low of $37.15 and a one year high of $56.38.

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.