WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Sees Unusually-High Trading Volume – Still a Buy?

Shares of WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) saw unusually-strong trading volume on Wednesday . Approximately 56,383 shares traded hands during trading, an increase of 97% from the previous session’s volume of 28,598 shares.The stock last traded at $40.48 and had previously closed at $40.86.

WisdomTree China ex-State-Owned Enterprises Fund Stock Up 0.5%

The firm has a market cap of $509.75 million, a PE ratio of 15.81 and a beta of 0.33. The company has a 50-day simple moving average of $42.22 and a two-hundred day simple moving average of $38.95.

WisdomTree China ex-State-Owned Enterprises Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Thursday, September 25th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.56 annualized dividend and a yield of 1.4%.

Institutional Trading of WisdomTree China ex-State-Owned Enterprises Fund

Several hedge funds have recently added to or reduced their stakes in the stock. OLD Mission Capital LLC grew its position in shares of WisdomTree China ex-State-Owned Enterprises Fund by 552.5% during the 1st quarter. OLD Mission Capital LLC now owns 217,913 shares of the company’s stock valued at $7,418,000 after acquiring an additional 184,518 shares during the period. Royal Bank of Canada raised its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 344.8% in the 1st quarter. Royal Bank of Canada now owns 49,052 shares of the company’s stock worth $1,670,000 after purchasing an additional 38,024 shares during the period. Susquehanna International Group LLP lifted its stake in WisdomTree China ex-State-Owned Enterprises Fund by 92.0% in the third quarter. Susquehanna International Group LLP now owns 48,228 shares of the company’s stock valued at $2,150,000 after purchasing an additional 23,114 shares during the last quarter. Corient Private Wealth LLC purchased a new position in WisdomTree China ex-State-Owned Enterprises Fund in the second quarter valued at approximately $293,000. Finally, Avestar Capital LLC grew its holdings in WisdomTree China ex-State-Owned Enterprises Fund by 42.0% during the third quarter. Avestar Capital LLC now owns 28,422 shares of the company’s stock valued at $1,267,000 after purchasing an additional 8,402 shares during the period.

WisdomTree China ex-State-Owned Enterprises Fund Company Profile

The WisdomTree China ex-State-Owned Enterprises Fund (CXSE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of Chinese companies that are not state-owned, defined as government ownership of less than 20%. CXSE was launched on Sep 19, 2012 and is managed by WisdomTree.