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

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 35,355 shares, a growth of 1,005.2% from the May 31st total of 3,199 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 30,018 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CXSE. Northwestern Mutual Wealth Management Co. bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the fourth quarter worth approximately $33,000. Ankerstar Wealth LLC bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the fourth quarter valued at approximately $60,000. Wells Fargo & Company MN grew its position 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 buying 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 bought a new position in WisdomTree China ex-State-Owned Enterprises Fund during the 1st quarter worth $202,000.

WisdomTree China ex-State-Owned Enterprises Fund Price Performance

CXSE stock opened at $38.63 on Friday. The business’s fifty day moving average price is $39.99 and its two-hundred day moving average price is $40.09. The stock has a market capitalization of $501.48 million, a price-to-earnings ratio of 15.81 and a beta of 0.41. WisdomTree China ex-State-Owned Enterprises Fund has a fifty-two week low of $34.14 and a fifty-two week high of $45.65.

WisdomTree China ex-State-Owned Enterprises Fund Company Profile

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.