Short Interest in WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Increases By 186.3%

Key Points

• Short interest in the WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) surged by 186.3% in September, reaching a total of 22,900 shares.
• Large investors, including OLD Mission Capital LLC and Royal Bank of Canada, significantly increased their stakes in the fund, with increases of 552.5% and 344.8% respectively.
• The fund has recently announced a quarterly dividend of $0.14 per share, resulting in an annualized yield of 1.2%.

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE - ) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 22,900 shares, a growth of 186.3% from the August 31st total of 8,000 shares. Based on an average daily trading volume, of 15,800 shares, the short-interest ratio is presently 1.4 days. Based on an average daily trading volume, of 15,800 shares, the short-interest ratio is presently 1.4 days.

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

Large investors have recently made changes to their positions in the stock. OLD Mission Capital LLC raised its stake in shares of WisdomTree China ex-State-Owned Enterprises Fund by 552.5% during the 1st quarter. OLD Mission Capital LLC now owns 217,913 shares of the company's stock valued at $7,418,000 after purchasing an additional 184,518 shares during the period. Royal Bank of Canada grew its stake in WisdomTree China ex-State-Owned Enterprises Fund by 344.8% during the first quarter. Royal Bank of Canada now owns 49,052 shares of the company's stock valued at $1,670,000 after acquiring an additional 38,024 shares in the last quarter. NewEdge Advisors LLC increased its holdings in WisdomTree China ex-State-Owned Enterprises Fund by 8.2% during the 1st quarter. NewEdge Advisors LLC now owns 21,214 shares of the company's stock worth $722,000 after acquiring an additional 1,610 shares during the period. SBI Securities Co. Ltd. boosted its holdings in WisdomTree China ex-State-Owned Enterprises Fund by 12.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 17,917 shares of the company's stock valued at $610,000 after purchasing an additional 1,965 shares during the period. Finally, Foundations Investment Advisors LLC bought a new position in WisdomTree China ex-State-Owned Enterprises Fund in the 1st quarter valued at $485,000.

WisdomTree China ex-State-Owned Enterprises Fund Stock Performance

NASDAQ CXSE traded down $0.20 during trading on Friday, hitting $45.14. 7,141 shares of the company's stock traded hands, compared to its average volume of 28,029. The stock has a market capitalization of $555.22 million, a price-to-earnings ratio of 15.81 and a beta of 0.57. WisdomTree China ex-State-Owned Enterprises Fund has a 12-month low of $27.81 and a 12-month high of $45.65. The business has a 50 day moving average of $40.52 and a 200-day moving average of $35.94.

WisdomTree China ex-State-Owned Enterprises Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%.

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.

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