WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Stock Falls 2.7% – Should You Sell?

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) traded down 2.7% during trading on Thursday. The company traded as low as $31.85 and last traded at $31.94. Approximately 75,416 shares changed hands during mid-day trading, an increase of 13% from the average daily volume of 66,837 shares. The stock had previously closed at $32.81.

WisdomTree China ex-State-Owned Enterprises Fund Stock Up 1.0%

The firm has a fifty day moving average price of $35.98 and a two-hundred day moving average price of $38.11. The stock has a market capitalization of $387.64 million, a P/E ratio of 15.81 and a beta of 0.43.

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

A number of institutional investors and hedge funds have recently bought and sold shares of CXSE. Citadel Advisors LLC bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the second quarter worth approximately $524,000. Corient Private Wealth LP bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund during the second quarter valued at approximately $257,000. Summit Investment Advisory Services LLC bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund during the first quarter valued at approximately $202,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund during the first quarter valued at approximately $134,000.

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.