WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) Sees Unusually-High Trading Volume – Still a Buy?

WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) saw an uptick in trading volume on Monday . 710,225 shares changed hands during mid-day trading, an increase of 222% from the previous session’s volume of 220,526 shares.The stock last traded at $110.72 and had previously closed at $110.38.

WisdomTree Japan Hedged Equity Fund Trading Down 0.0 %

The stock has a 50-day simple moving average of $110.17 and a 200 day simple moving average of $108.15. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 12.00 and a beta of 0.65.

Hedge Funds Weigh In On WisdomTree Japan Hedged Equity Fund

A number of institutional investors have recently bought and sold shares of DXJ. Bank of New York Mellon Corp raised its stake in shares of WisdomTree Japan Hedged Equity Fund by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 15,481 shares of the exchange traded fund’s stock valued at $1,747,000 after buying an additional 944 shares during the last quarter. National Bank of Canada FI raised its position in WisdomTree Japan Hedged Equity Fund by 4.9% during the second quarter. National Bank of Canada FI now owns 8,546 shares of the exchange traded fund’s stock valued at $961,000 after acquiring an additional 402 shares in the last quarter. Private Advisor Group LLC lifted its holdings in WisdomTree Japan Hedged Equity Fund by 193.8% in the second quarter. Private Advisor Group LLC now owns 12,067 shares of the exchange traded fund’s stock valued at $1,361,000 after acquiring an additional 7,960 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in WisdomTree Japan Hedged Equity Fund in the 2nd quarter worth approximately $150,000. Finally, Headlands Technologies LLC acquired a new stake in shares of WisdomTree Japan Hedged Equity Fund during the 2nd quarter worth approximately $147,000.

WisdomTree Japan Hedged Equity Fund Company Profile

WisdomTree Japan Hedged Equity Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree Japan Hedged Equity Index (the Index). The Index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese Yen movements relative to the United States dollar.