Dallas, Texas 11/06/2013 (Financialstrend) – In Tuesday’s trading, WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) dropped by 1.24%. The opening price of the shares was $46.91, which climbed to an intraday high of $47.03 and dipped to a close of $46.89. Approximately 5.78 million shares were traded on Tuesday while an average volume of 5.14 million shares were traded over a 30 day period. The 52-week low of WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) shares is $30.70 and its 52-week high is $53.94. WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) has a market capitalization of $10.72 billion.
About the company
WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ) seeks investment-results that very closely correspond to price and the yield performance of WisdomTree Japan Hedged Equity Index. This Index is designed to provide investors exposure to Japanese equity-markets. At the same time it neutralizes exposure to the fluctuations of the movements of the Japanese Yen in relation to the U.S dollar. In this reference, the WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ)’s index hedges against the fluctuations in the relative-value of the yen in comparison to the United States dollar.
This Index is designed to give higher returns than the equivalent non-currency hedged investment. This is a situation when the yen is weakening in relation to the United States dollar. Also, the Index is specifically designed to have lower-returns than an equivalent unhedged-investment when the yen is increasing in relation to the United States dollar. The Index is based on its WisdomTree Japan Dividend Index. WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ)’s investment-advisor is WisdomTree Asset Management.
The WisdomTree Japan Hedged Equity Fund (NYSEARCA:DXJ)’s Index is a fundamentally-weighted Index that measures performances of dividend-paying companies that are incorporated in Japan and listed on the TSE. These companies also have to meet all the other requirements that are required to be included in this WisdomTree DEFA Index.
