WisdomTree European Opportunities Fund (NYSEARCA:OPPE) Sees Large Drop in Short Interest

WisdomTree European Opportunities Fund (NYSEARCA:OPPE) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 8,681 shares, a decline of 52.7% from the April 30th total of 18,372 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 47,318 shares, the short-interest ratio is currently 0.2 days.

WisdomTree European Opportunities Fund Price Performance

NYSEARCA OPPE opened at $57.82 on Friday. The company has a market capitalization of $294.88 million, a PE ratio of 11.72 and a beta of 0.63. The company has a fifty day moving average of $55.82 and a 200 day moving average of $53.61. WisdomTree European Opportunities Fund has a 1 year low of $45.48 and a 1 year high of $58.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC increased its holdings in WisdomTree European Opportunities Fund by 2.3% in the first quarter. Sanctuary Advisors LLC now owns 15,397 shares of the company’s stock valued at $827,000 after buying an additional 353 shares in the last quarter. Harbour Investments Inc. purchased a new position in WisdomTree European Opportunities Fund in the fourth quarter valued at $34,000. Steward Partners Investment Advisory LLC purchased a new position in WisdomTree European Opportunities Fund in the fourth quarter valued at $35,000. Comerica Bank purchased a new position in WisdomTree European Opportunities Fund in the fourth quarter valued at $38,000. Finally, Fifth Third Bancorp purchased a new position in WisdomTree European Opportunities Fund in the first quarter valued at $46,000.

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.