This stock is supposed to track the Nikkei which was up last night. Why is this stock down???
There is a Headline Article rigt here on Yahoo lifted fom published blog remarks on June 6th by Wisdom Tree that explains all you need to know about DXJ and how it works. I belive that the title is: Wisdom Tree on Japan Hedged Equity ETF.
Might be because the Nikkei is the Japanese stock market expressed in Yen. It doesn't account for the currency difference between the dollar and the Yen on a Daily basis?
If I'm wrong, please don't reply with, "You're an idiot!" Just taking a guess...
I get burned every time I buy this POS !