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

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 6,029 shares, a drop of 56.6% from the January 29th total of 13,901 shares. Based on an average daily volume of 526,637 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 526,637 shares, the days-to-cover ratio is presently 0.0 days.

WisdomTree China ex-State-Owned Enterprises Fund Trading Down 0.5%

Shares of CXSE traded down $0.20 during trading hours on Friday, reaching $39.63. 18,444 shares of the stock traded hands, compared to its average volume of 202,991. The company has a market cap of $450.99 million, a P/E ratio of 15.81 and a beta of 0.33. The company’s 50-day moving average price is $41.17 and its two-hundred day moving average price is $41.50. WisdomTree China ex-State-Owned Enterprises Fund has a 52-week low of $27.81 and a 52-week high of $45.65.

WisdomTree China ex-State-Owned Enterprises Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 26th were given a $0.3284 dividend. This represents a $1.31 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, December 26th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in CXSE. Northwestern Mutual Wealth Management Co. purchased a new position in WisdomTree China ex-State-Owned Enterprises Fund in the 4th quarter worth approximately $33,000. Ankerstar Wealth LLC bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund during the fourth quarter valued at approximately $60,000. Wells Fargo & Company MN lifted its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 168.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,871 shares of the company’s stock worth $115,000 after buying an additional 1,800 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in WisdomTree China ex-State-Owned Enterprises Fund during the third quarter valued at $209,000. Finally, Granville Capital Inc. bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund in the 4th quarter valued at $253,000.

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.