Short Interest in WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Rises By 334.1%

Key Points

• Short interest in the WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) rose by 334.1% in September, reaching a total of 99,400 shares, indicating heightened bearish sentiment among investors.
• The fund cut its dividend to $0.14 per share, representing a 1.3% dividend yield for stockholders as of the recent payout.
• Institutional investors have significantly increased their stakes in the fund, with OLD Mission Capital LLC boosting its holding by 552.5% in the first quarter.

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE - ) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 99,400 shares, a growth of 334.1% from the September 15th total of 22,900 shares. Based on an average daily volume of 18,500 shares, the short-interest ratio is currently 5.4 days. Based on an average daily volume of 18,500 shares, the short-interest ratio is currently 5.4 days.

WisdomTree China ex-State-Owned Enterprises Fund Price Performance

NASDAQ:CXSE opened at $41.76 on Friday. The firm has a market capitalization of $522 million, a price-to-earnings ratio of 15.81 and a beta of 0.57. WisdomTree China ex-State-Owned Enterprises Fund has a one year low of $27.81 and a one year high of $45.65. The business has a fifty day moving average price of $41.80 and a 200-day moving average price of $36.59.

WisdomTree China ex-State-Owned Enterprises Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Thursday, September 25th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Thursday, September 25th.

Institutional Investors Weigh In On WisdomTree China ex-State-Owned Enterprises Fund

A number of institutional investors have recently bought and sold shares of the business. OLD Mission Capital LLC increased its stake in WisdomTree China ex-State-Owned Enterprises Fund by 552.5% in the 1st quarter. OLD Mission Capital LLC now owns 217,913 shares of the company's stock worth $7,418,000 after buying an additional 184,518 shares in the last quarter. Royal Bank of Canada increased its stake in WisdomTree China ex-State-Owned Enterprises Fund by 344.8% in the 1st quarter. Royal Bank of Canada now owns 49,052 shares of the company's stock worth $1,670,000 after buying an additional 38,024 shares in the last quarter. NewEdge Advisors LLC increased its stake in WisdomTree China ex-State-Owned Enterprises Fund by 8.2% in the 1st quarter. NewEdge Advisors LLC now owns 21,214 shares of the company's stock worth $722,000 after buying an additional 1,610 shares in the last quarter. SBI Securities Co. Ltd. increased its stake 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 worth $610,000 after buying an additional 1,965 shares in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new stake in WisdomTree China ex-State-Owned Enterprises Fund in the 1st quarter worth $485,000.

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.

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