WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ) Stock Price Breaks Below Fifty Day Moving Average – What’s Next?

WisdomTree Japan Opportunities Fund (NASDAQ:OPPJ – Get Free Report) shares passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $58.86 and traded as low as $57.78. WisdomTree Japan Opportunities Fund shares last traded at $57.81, with a volume of 44,284 shares traded.

WisdomTree Japan Opportunities Fund Stock Performance

The stock’s fifty day simple moving average is $58.87 and its two-hundred day simple moving average is $58.09. The stock has a market capitalization of $329.29 million, a P/E ratio of 11.40 and a beta of 0.27.

Hedge Funds Weigh In On WisdomTree Japan Opportunities Fund

A number of hedge funds have recently modified their holdings of the business. Berkeley Inc increased its holdings in WisdomTree Japan Opportunities Fund by 3.5% in the third quarter. Berkeley Inc now owns 235,824 shares of the company’s stock valued at $14,011,000 after purchasing an additional 8,034 shares during the period. Signal Advisors Wealth LLC raised its position in WisdomTree Japan Opportunities Fund by 40.3% during the 3rd quarter. Signal Advisors Wealth LLC now owns 103,865 shares of the company’s stock worth $6,171,000 after purchasing an additional 29,847 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in WisdomTree Japan Opportunities Fund during the 2nd quarter worth $36,000. Citadel Advisors LLC raised its position in WisdomTree Japan Opportunities Fund by 8.3% during the 2nd quarter. Citadel Advisors LLC now owns 37,302 shares of the company’s stock worth $2,151,000 after purchasing an additional 2,859 shares during the last quarter. Finally, SFG Wealth Management LLC. bought a new position in WisdomTree Japan Opportunities Fund during the 2nd quarter worth $427,000.

About WisdomTree Japan Opportunities Fund

(Get Free Report)

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.

Further Reading

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