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

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

WisdomTree China ex-State-Owned Enterprises Fund Trading Down 0.2%

NASDAQ:CXSE traded down $0.09 during mid-day trading on Friday, hitting $39.83. The stock had a trading volume of 74,537 shares, compared to its average volume of 101,241. The stock has a 50-day simple moving average of $39.50 and a two-hundred day simple moving average of $40.31. The company has a market capitalization of $516.99 million, a PE ratio of 15.81 and a beta of 0.42. WisdomTree China ex-State-Owned Enterprises Fund has a twelve month low of $32.67 and a twelve month high of $45.65.

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

Several hedge funds have recently added to or reduced their stakes in CXSE. Northwestern Mutual Wealth Management Co. acquired a new stake in WisdomTree China ex-State-Owned Enterprises Fund in the fourth quarter valued at approximately $33,000. Ankerstar Wealth LLC acquired a new stake in WisdomTree China ex-State-Owned Enterprises Fund during the fourth quarter worth approximately $60,000. Wells Fargo & Company MN raised its holdings in WisdomTree China ex-State-Owned Enterprises Fund by 168.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,871 shares of the company’s stock worth $115,000 after purchasing an additional 1,800 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in WisdomTree China ex-State-Owned Enterprises Fund during the first quarter worth approximately $134,000. Finally, Summit Investment Advisory Services LLC acquired a new stake in WisdomTree China ex-State-Owned Enterprises Fund during the first quarter worth approximately $202,000.

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.