WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Sees Large Drop in Short Interest

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 6,024 shares, a decline of 54.9% from the December 15th total of 13,361 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 57,725 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 57,725 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

WisdomTree China ex-State-Owned Enterprises Fund Stock Performance

CXSE stock opened at $42.15 on Wednesday. The firm has a market cap of $526.88 million, a P/E ratio of 15.81 and a beta of 0.33. WisdomTree China ex-State-Owned Enterprises Fund has a 1 year low of $27.81 and a 1 year high of $45.65. The stock has a 50-day simple moving average of $41.13 and a 200-day simple moving average of $40.44.

WisdomTree China ex-State-Owned Enterprises Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 26th were paid a dividend of $0.3284 per share. The ex-dividend date was Friday, December 26th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.1%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CXSE. Royal Bank of Canada grew its holdings in WisdomTree China ex-State-Owned Enterprises Fund by 344.8% during the 1st quarter. Royal Bank of Canada now owns 49,052 shares of the company’s stock valued at $1,670,000 after purchasing an additional 38,024 shares in the last quarter. Susquehanna International Group LLP grew its stake in shares of WisdomTree China ex-State-Owned Enterprises Fund by 92.0% during the third quarter. Susquehanna International Group LLP now owns 48,228 shares of the company’s stock valued at $2,150,000 after acquiring an additional 23,114 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund during the second quarter valued at about $293,000. Avestar Capital LLC increased its position in shares of 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 worth $1,267,000 after acquiring an additional 8,402 shares during the last quarter. Finally, Belpointe Asset Management LLC purchased a new position in WisdomTree China ex-State-Owned Enterprises Fund in the third quarter valued at about $209,000.

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.