WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (NYSEARCA:XSOE) Sees Unusually-High Trading Volume – Still a Buy?

Shares of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (NYSEARCA:XSOE) saw an uptick in trading volume on Tuesday . 1,131,366 shares were traded during mid-day trading, an increase of 344% from the previous session’s volume of 254,852 shares.The stock last traded at $32.93 and had previously closed at $33.08.

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund Price Performance

The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 16.45 and a beta of 0.68. The business has a fifty day moving average price of $30.88 and a 200 day moving average price of $31.06.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of XSOE. Farther Finance Advisors LLC lifted its position in shares of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 17.3% during the fourth quarter. Farther Finance Advisors LLC now owns 2,359 shares of the company’s stock worth $72,000 after purchasing an additional 348 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund during the 4th quarter worth $145,000. Keystone Financial Group acquired a new position in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund during the 4th quarter worth $390,000. Fifth Third Securities Inc. boosted its position in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 21.6% in the 4th quarter. Fifth Third Securities Inc. now owns 14,323 shares of the company’s stock valued at $437,000 after buying an additional 2,548 shares during the last quarter. Finally, First Financial Corp IN increased its stake in shares of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 13.8% in the 1st quarter. First Financial Corp IN now owns 24,223 shares of the company’s stock valued at $748,000 after buying an additional 2,930 shares during the period.

About WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

The WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of emerging market companies, excluding state-owned enterprises. XSOE was launched on Dec 10, 2014 and is managed by WisdomTree.