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

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) shares saw strong trading volume on Wednesday . 49,356 shares traded hands during mid-day trading, an increase of 69% from the previous session’s volume of 29,283 shares.The stock last traded at $40.95 and had previously closed at $41.18.

WisdomTree China ex-State-Owned Enterprises Fund Stock Down 0.4%

The stock has a market capitalization of $512.75 million, a PE ratio of 15.81 and a beta of 0.33. The firm has a 50 day moving average price of $41.46 and a 200 day moving average price of $39.70.

Hedge Funds Weigh In On WisdomTree China ex-State-Owned Enterprises Fund

Several institutional investors have recently modified their holdings of CXSE. Activest Wealth Management bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund during the second quarter worth $63,000. Belpointe Asset Management LLC purchased a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 3rd quarter valued at $209,000. Corient Private Wealth LLC bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 2nd quarter worth $293,000. Bank of America Corp DE raised its stake in shares of WisdomTree China ex-State-Owned Enterprises Fund by 4.7% during the 2nd quarter. Bank of America Corp DE now owns 13,779 shares of the company’s stock worth $474,000 after purchasing an additional 613 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 8.2% in the 1st quarter. NewEdge Advisors LLC now owns 21,214 shares of the company’s stock worth $722,000 after buying an additional 1,610 shares during the last quarter.

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.