WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Short Interest Update

Key Points

• WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) experienced a significant increase in short interest, rising by 36.0% from 2,500 to 3,400 shares in July.
• The fund announced a quarterly dividend of $0.315 per share, a notable increase from the previous dividend of $0.11, leading to an annualized yield of 3.3%.
• Hedge funds have shown interest in the fund, with investments including a new position from JPMorgan Chase worth approximately $49,000 in the fourth quarter.

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE - Get Free Report) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 3,400 shares, anincreaseof36.0% from the July 15th total of 2,500 shares. Currently,0.0% of the company's shares are sold short. Based on an average daily trading volume, of 12,300 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 12,300 shares, the days-to-cover ratio is currently 0.3 days. Currently,0.0% of the company's shares are sold short.

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

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 4th quarter worth $49,000. Activest Wealth Management purchased a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 2nd quarter worth $63,000. Corient Private Wealth LLC purchased a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 2nd quarter worth $293,000. Bank of America Corp DE grew its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 4.7% during the 2nd quarter. Bank of America Corp DE now owns 13,779 shares of the company's stock worth $474,000 after purchasing an additional 613 shares during the period. Finally, Foundations Investment Advisors LLC purchased a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 1st quarter worth $485,000.

WisdomTree China ex-State-Owned Enterprises Fund Trading Up 2.9%

NASDAQ:CXSE traded up $1.15 during trading hours on Friday, hitting $40.21. The company had a trading volume of 18,703 shares, compared to its average volume of 28,630. The company has a 50-day moving average of $36.28 and a 200 day moving average of $34.25. The company has a market cap of $494.58 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 $25.29 and a 1 year high of $40.22.

WisdomTree China ex-State-Owned Enterprises Fund Increases Dividend

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

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.