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

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 significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,400 shares, agrowthof36.0% from the July 15th total of 2,500 shares. Approximately0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,300 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 12,300 shares, the short-interest ratio is currently 0.3 days. Approximately0.0% of the shares of the stock are short sold.

WisdomTree China ex-State-Owned Enterprises Fund Stock Up 0.6%

Shares of CXSE traded up $0.25 during trading hours on Monday, hitting $40.46. The company had a trading volume of 19,650 shares, compared to its average volume of 28,571. The firm has a market cap of $497.66 million, a P/E ratio of 15.81 and a beta of 0.57. The stock's 50 day moving average price is $36.28 and its 200 day moving average price is $34.27. WisdomTree China ex-State-Owned Enterprises Fund has a 52-week low of $25.29 and a 52-week high of $40.68.

WisdomTree China ex-State-Owned Enterprises Fund Increases Dividend

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

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

A number of hedge funds have recently made changes to their positions in the stock. LPL Financial LLC lifted its position in WisdomTree China ex-State-Owned Enterprises Fund by 8.7% in the 4th quarter. LPL Financial LLC now owns 15,659 shares of the company's stock valued at $468,000 after acquiring an additional 1,257 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund during the fourth quarter worth about $49,000. NewEdge Advisors LLC purchased a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the fourth quarter valued at about $586,000. Susquehanna International Group LLP grew its position in shares of WisdomTree China ex-State-Owned Enterprises Fund by 18.7% during the fourth quarter. Susquehanna International Group LLP now owns 135,064 shares of the company's stock valued at $4,036,000 after purchasing an additional 21,231 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of WisdomTree China ex-State-Owned Enterprises Fund by 50.1% in the 4th quarter. Jane Street Group LLC now owns 100,911 shares of the company's stock valued at $3,015,000 after purchasing an additional 33,668 shares during the last quarter.

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.