WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (NYSEARCA:XSOE) Sees Large Decrease in Short Interest

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (NYSEARCA:XSOE) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 252,311 shares, a decline of 45.7% from the May 31st total of 464,787 shares. Based on an average daily volume of 151,203 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Trading of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

A number of institutional investors and hedge funds have recently modified their holdings of XSOE. Flow Traders U.S. LLC purchased a new position in shares of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund in the third quarter worth about $2,976,000. Sherry Group Inc. purchased a new stake in shares of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund during the 4th quarter valued at approximately $1,176,000. Strategic Wealth Partners Ltd. bought a new position in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund in the 3rd quarter worth approximately $852,000. Bank of New York Mellon Corp boosted its holdings in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 9.3% in the 1st quarter. Bank of New York Mellon Corp now owns 202,510 shares of the company’s stock worth $8,121,000 after buying an additional 17,249 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 4.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 229,700 shares of the company’s stock valued at $7,918,000 after buying an additional 10,467 shares in the last quarter.

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund Stock Performance

Shares of XSOE stock opened at $47.06 on Friday. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 17.70 and a beta of 0.77. WisdomTree Emerging Markets ex-State-Owned Enterprises Fund has a 52-week low of $34.25 and a 52-week high of $51.38. The company has a 50-day simple moving average of $47.68 and a two-hundred day simple moving average of $43.58.

About WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

The WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of emerging market companies, excluding state-owned enterprises. XSOE was launched on Dec 10, 2014 and is managed by WisdomTree.