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

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 133,338 shares, an increase of 397.4% from the July 30th total of 26,805 shares. Based on an average daily trading volume, of 16,380 shares, the days-to-cover ratio is currently 8.1 days. Currently, 1.0% of the shares of the stock are short sold.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cassaday & Co Wealth Management LLC bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 1st quarter valued at about $134,000. Summit Investment Advisory Services LLC bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the first quarter worth about $202,000. OLD Mission Capital LLC bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the fourth quarter worth about $2,069,000. Royal Bank of Canada lifted its position in shares of WisdomTree China ex-State-Owned Enterprises Fund by 27.1% in the fourth quarter. Royal Bank of Canada now owns 82,562 shares of the company’s stock worth $3,312,000 after buying an additional 17,616 shares in the last quarter. Finally, Granville Capital Inc. purchased a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the fourth quarter worth about $253,000.

WisdomTree China ex-State-Owned Enterprises Fund Price Performance

Shares of CXSE stock traded up $0.02 during mid-day trading on Wednesday, hitting $38.09. The company had a trading volume of 1,160 shares, compared to its average volume of 72,276. WisdomTree China ex-State-Owned Enterprises Fund has a 52-week low of $36.93 and a 52-week high of $45.65. The stock’s 50 day moving average price is $38.45 and its 200-day moving average price is $39.19. The company has a market capitalization of $490.60 million, a P/E ratio of 15.81 and a beta of 0.43.

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.