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 recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 22,900 shares, a growth of 186.3% from the August 31st total of 8,000 shares. Based on an average trading volume of 15,800 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 15,800 shares, the short-interest ratio is currently 1.4 days.

Hedge Funds Weigh In On WisdomTree China ex-State-Owned Enterprises Fund

Several hedge funds have recently bought and sold shares of the company. Activest Wealth Management bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund during the 2nd quarter worth approximately $63,000. Corient Private Wealth LLC bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the second quarter worth $293,000. Bank of America Corp DE raised its position in shares of WisdomTree China ex-State-Owned Enterprises Fund by 4.7% in the second quarter. Bank of America Corp DE now owns 13,779 shares of the company’s stock worth $474,000 after buying an additional 613 shares in the last quarter. Foundations Investment Advisors LLC purchased a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the first quarter worth $485,000. Finally, SBI Securities Co. Ltd. grew its position in WisdomTree China ex-State-Owned Enterprises Fund by 12.3% during the first quarter. SBI Securities Co. Ltd. now owns 17,917 shares of the company’s stock worth $610,000 after buying an additional 1,965 shares in the last quarter.

WisdomTree China ex-State-Owned Enterprises Fund Stock Performance

NASDAQ:CXSE opened at $45.02 on Friday. The business’s fifty day moving average is $40.67 and its 200 day moving average is $36.01. The firm has a market cap of $558.25 million, a price-to-earnings ratio of 15.81 and a beta of 0.57. 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 Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Thursday, September 25th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 25th.

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.