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

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 2,827 shares, a decline of 91.7% from the April 30th total of 33,918 shares. Based on an average trading volume of 27,438 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On WisdomTree China ex-State-Owned Enterprises Fund

Hedge funds have recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the first quarter valued at $134,000. Summit Investment Advisory Services LLC bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the first quarter valued at $202,000. OLD Mission Capital LLC bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the fourth quarter valued at $2,069,000. Royal Bank of Canada lifted its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 27.1% during the fourth quarter. Royal Bank of Canada now owns 82,562 shares of the company’s stock valued at $3,312,000 after purchasing an additional 17,616 shares in the last quarter. Finally, Granville Capital Inc. bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the fourth quarter valued at $253,000.

WisdomTree China ex-State-Owned Enterprises Fund Trading Down 0.7%

WisdomTree China ex-State-Owned Enterprises Fund stock traded down $0.30 during mid-day trading on Wednesday, hitting $40.07. The company had a trading volume of 13,687 shares, compared to its average volume of 102,259. The stock’s 50 day moving average price is $39.45 and its two-hundred day moving average price is $40.34. WisdomTree China ex-State-Owned Enterprises Fund has a 12 month low of $32.67 and a 12 month high of $45.65. The company has a market capitalization of $520.11 million, a PE ratio of 15.81 and a beta of 0.42.

About WisdomTree China ex-State-Owned Enterprises Fund

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.