Short Interest in WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Expands By 397.4%

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 133,338 shares, an increase of 397.4% from the July 30th total of 26,805 shares. Based on an average trading volume of 16,380 shares, the short-interest ratio is currently 8.1 days. Currently, 1.0% of the shares of the company are short sold.

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

A number of hedge funds have recently bought and sold shares of CXSE. Ankerstar Wealth LLC acquired 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 boosted its stake in 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 valued at $115,000 after buying an additional 1,800 shares in the last quarter. Granville Capital Inc. acquired a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the 4th quarter valued at approximately $253,000. Corient Private Wealth LLC acquired a new stake in WisdomTree China ex-State-Owned Enterprises Fund in the second quarter valued at approximately $293,000. Finally, Bank of America Corp DE boosted its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 4.7% during the 2nd quarter. Bank of America Corp DE now owns 13,779 shares of the company’s stock valued at $474,000 after acquiring an additional 613 shares in the last quarter.

WisdomTree China ex-State-Owned Enterprises Fund Stock Up 0.2%

Shares of NASDAQ CXSE traded up $0.09 during mid-day trading on Friday, reaching $38.19. 10,747 shares of the company were exchanged, compared to its average volume of 71,547. The stock has a market capitalization of $491.89 million, a P/E ratio of 15.81 and a beta of 0.43. WisdomTree China ex-State-Owned Enterprises Fund has a twelve month low of $36.93 and a twelve month high of $45.65. The company’s 50-day simple moving average is $38.40 and its 200-day simple moving average is $39.15.

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.