See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
WisdomTree Japan SmallCap Dividend ETF (DFJ) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
WisdomTree Japan SmallCap Dividend ETF (DFJ) - free report >>
Image: Bigstock
Japan Small-Cap ETF (DFJ) Hits a 52-Week High
For investors seeking momentum, WisdomTree Japan SmallCap Dividend ETF (DFJ - Free Report) is probably on radar now. The fund just hit a 52-week high and is up more than 0.3% from its 52-week low price of $62.97/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed.
DFJ in Focus
DFJ focuses on acquiring small-cap Japanese stocks by following the WisdomTree Japan SmallCap Dividend Index. It holds 687 stocks in its basket. It maintains a well-diversified portfolio with key holdings in the industrials, consumer discretionary, financials and materials. The fund charges investors 58 basis points a year in fees (see: all Asia-Pacific (Developed) ETFs here).
Why the Move?
The major Japanese benchmark Nikkei gained on Friday to reach its highest level in the past six months following a strong increase in the financial sector. This in turn had a positive impact on this ETF. Rise in yields on global bonds primarily boosted the financial sector as it raised chances of an increase in investment on global bonds especially in the prevailing environment of low bond yield in Japan.
More Gains Ahead?
Currently, DFJ has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. A positive weighted alpha of 17.00 hints at more gains. So there is definitely some promise for those who want to ride this surging ETF a little further.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>