HEDJ Stock Summary and Trading Ideas (WisdomTree Europe Hedged Equity | ARCA:HEDJ)

WisdomTree Europe Hedged Equity Fund seeks to provide exposure to the European equity market while hedging exposure to fluctuations between the U.S. dollar and the euro. The WisdomTree Europe Hedged Equity Index is designed to provide exposure to European equities while at the same time neutralizing exposure to fluctuations between the euro and the U.S. dollar.

WisdomTree Europe Hedged Equity trades on the ARCA stock market under the symbol HEDJ.

As of May 15, 2024, HEDJ stock price climbed to $48.49 with 36,297 million shares trading.

HEDJ has a beta of 0.77, meaning it tends to be less sensitive to market movements. HEDJ has a correlation of 0.54 to the broad based SPY ETF.

HEDJ has a market cap of $2.01 billion. This is considered a Mid Cap stock.

In the last 3 years, HEDJ stock traded as high as $48.75 and as low as $30.86.

HEDJ has underperformed the market in the last year with a price return of +21.3% while the SPY ETF gained +29.9%. However, in the short term, HEDJ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.6% vs +6.2% return in SPY. But in the last 2 weeks, HEDJ shares have been beat by the market, returning +4.2% compared to an SPY return of +5.2%.

HEDJ support price is $47.96 and resistance is $48.75 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HEDJ stock will trade within this expected range on the day.