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

Key Points

• WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) experienced a significant drop in short interest, decreasing by 41.2% in August, now totaling just 2,000 shares.
• The fund declared an increased quarterly dividend of $0.315, up from $0.11, reflecting a 3.1% yield on an annualized basis.
• Institutional investment in the fund has risen, with Bank of America Corp DE increasing its holdings by 4.7% in the second quarter and NewEdge Advisors LLC by 8.2% in the first quarter.

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE - ) was the target of a large decrease in short interest in the month of August. As of August 15th, there was short interest totaling 2,000 shares, adecreaseof41.2% from the July 31st total of 3,400 shares. Based on an average daily trading volume, of 12,600 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 12,600 shares, the short-interest ratio is presently 0.2 days.

WisdomTree China ex-State-Owned Enterprises Fund Trading Up 3.2%

NASDAQ CXSE opened at $41.22 on Friday. The company has a fifty day simple moving average of $37.55 and a 200 day simple moving average of $34.78. The company has a market cap of $507.01 million, a P/E ratio of 15.81 and a beta of 0.57. WisdomTree China ex-State-Owned Enterprises Fund has a 1 year low of $25.50 and a 1 year high of $41.27.

WisdomTree China ex-State-Owned Enterprises Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 25th were issued a $0.315 dividend. This is a boost from WisdomTree China ex-State-Owned Enterprises Fund's previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, June 25th. This represents a $1.26 dividend on an annualized basis and a yield of 3.1%.

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

A number of hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in WisdomTree China ex-State-Owned Enterprises Fund by 4.7% in the 2nd quarter. Bank of America Corp DE now owns 13,779 shares of the company's stock valued at $474,000 after purchasing an additional 613 shares during the period. NewEdge Advisors LLC boosted its holdings 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 valued at $722,000 after purchasing an additional 1,610 shares during the period. Activest Wealth Management bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund in the 2nd quarter valued at $63,000. 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, Corient Private Wealth LLC bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund in the 2nd quarter valued at $293,000.

About WisdomTree China ex-State-Owned Enterprises Fund

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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