In today’s session WisdomTree Japan Hedged Equity Fund (DXJ) registered an unusually high (11,155) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious DXJ increase. With 11,155 contracts traded and 33214 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: DXJ170120C00043000 closed last at: $1.81 or 0.5% down. WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) has declined 0.47% since March 1, 2016 and is downtrending. It has underperformed by 9.71% the S&P500.
WisdomTree Japan Hedged Equity Fund seeks investment results that closely correspond to the price and yield performance of the WisdomTree Japan Hedged Equity Index (the Index). The company has a market cap of $8.16 billion. 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. It currently has negative earnings. In this sense, the Index hedges against fluctuations in the relative value of the yen against the United States dollar.
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