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

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 6,947 shares, a growth of 44.1% from the February 26th total of 4,821 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 75,149 shares, the days-to-cover ratio is presently 0.1 days.

WisdomTree China ex-State-Owned Enterprises Fund Price Performance

CXSE stock traded up $0.03 during trading hours on Monday, reaching $37.11. 21,191 shares of the stock were exchanged, compared to its average volume of 153,621. The firm’s 50-day moving average is $39.91 and its 200-day moving average is $41.28. The company has a market cap of $422.32 million, a price-to-earnings ratio of 15.81 and a beta of 0.33. WisdomTree China ex-State-Owned Enterprises Fund has a 12 month low of $27.81 and a 12 month high of $45.65.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in WisdomTree China ex-State-Owned Enterprises Fund in the 4th quarter valued at approximately $33,000. Ankerstar Wealth LLC bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 4th quarter worth approximately $60,000. Wells Fargo & Company MN raised 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 valued at $115,000 after purchasing an additional 1,800 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the third quarter valued at approximately $209,000. Finally, Granville Capital Inc. bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the fourth quarter worth $253,000.

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.