WisdomTree European Opportunities Fund (NYSEARCA:OPPE) Sees Large Growth in Short Interest
by Jessica Moore · The Cerbat GemWisdomTree European Opportunities Fund (NYSEARCA:OPPE – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 18,403 shares, an increase of 112.0% from the May 14th total of 8,681 shares. Based on an average trading volume of 20,359 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the company’s stock are short sold.
Institutional Investors Weigh In On WisdomTree European Opportunities Fund
A number of large investors have recently bought and sold shares of OPPE. LPL Financial LLC purchased a new stake in WisdomTree European Opportunities Fund in the fourth quarter valued at approximately $13,019,000. Sonoma Allocations LLC purchased a new stake in WisdomTree European Opportunities Fund in the fourth quarter valued at approximately $10,362,000. Stephens Inc. AR purchased a new stake in WisdomTree European Opportunities Fund in the fourth quarter valued at approximately $9,465,000. Cathy Pareto & Associates Inc. purchased a new stake in WisdomTree European Opportunities Fund in the fourth quarter valued at approximately $6,941,000. Finally, GC Wealth Management RIA LLC purchased a new stake in WisdomTree European Opportunities Fund in the fourth quarter valued at approximately $4,457,000.
WisdomTree European Opportunities Fund Stock Down 0.2%
Shares of OPPE traded down $0.12 during mid-day trading on Monday, hitting $58.00. 7,432 shares of the company traded hands, compared to its average volume of 42,133. WisdomTree European Opportunities Fund has a 1-year low of $45.48 and a 1-year high of $58.44. The company has a market capitalization of $295.81 million, a PE ratio of 11.72 and a beta of 0.62. The business has a 50 day moving average of $56.81 and a 200 day moving average of $54.22.
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.