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

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 5,100 shares, a drop of 64.8% from the January 31st total of 14,500 shares. Based on an average daily volume of 36,900 shares, the short-interest ratio is presently 0.1 days.

WisdomTree China ex-State-Owned Enterprises Fund Trading Down 2.7 %

Shares of NASDAQ:CXSE traded down $0.91 during mid-day trading on Friday, reaching $33.40. The company had a trading volume of 26,489 shares, compared to its average volume of 43,808. WisdomTree China ex-State-Owned Enterprises Fund has a one year low of $25.29 and a one year high of $39.71. The company’s 50-day moving average price is $30.96 and its 200-day moving average price is $30.42. The firm has a market cap of $425.18 million, a price-to-earnings ratio of 14.63 and a beta of 0.57.

WisdomTree China ex-State-Owned Enterprises Fund Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 26th were given a dividend of $0.0891 per share. The ex-dividend date of this dividend was Thursday, December 26th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Flow Traders U.S. LLC raised its stake in WisdomTree China ex-State-Owned Enterprises Fund by 41.5% in the 3rd quarter. Flow Traders U.S. LLC now owns 53,133 shares of the company’s stock valued at $1,761,000 after acquiring an additional 15,583 shares during the period. Avaii Wealth Management LLC bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the fourth quarter valued at approximately $4,404,000. Avestar Capital LLC bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the fourth quarter valued at approximately $598,000. NewEdge Wealth LLC bought a new position in WisdomTree China ex-State-Owned Enterprises Fund in the 4th quarter worth approximately $3,073,000. Finally, SBI Securities Co. Ltd. purchased a new position in WisdomTree China ex-State-Owned Enterprises Fund in the 4th quarter valued at approximately $477,000.

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.