WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Short Interest Up 300.0% in August

Key Points

• Short interest in the WisdomTree China ex-State-Owned Enterprises Fund (CXSE) surged by 300.0% in August, increasing from 2,000 shares to 8,000 shares.
• The fund recently increased its quarterly dividend to $0.315 per share, significantly up from its previous quarterly dividend of $0.11.
• Institutional investors like Activest Wealth Management and Bank of America Corp DE have expanded their positions in CXSE, indicating growing interest in the fund.

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE - Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 8,000 shares, a growth of 300.0% from the August 15th total of 2,000 shares. Based on an average daily volume of 13,400 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the company's stock are sold short. Currently, 0.1% of the company's stock are sold short. Based on an average daily volume of 13,400 shares, the short-interest ratio is currently 0.6 days.

WisdomTree China ex-State-Owned Enterprises Fund Trading Up 1.4%

Shares of NASDAQ:CXSE traded up $0.60 during trading on Wednesday, hitting $43.85. 13,548 shares of the company's stock traded hands, compared to its average volume of 28,021. The company has a market cap of $539.36 million, a price-to-earnings ratio of 15.81 and a beta of 0.57. The company has a 50-day moving average price of $38.66 and a 200-day moving average price of $35.18. WisdomTree China ex-State-Owned Enterprises Fund has a 52 week low of $26.08 and a 52 week high of $44.00.

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 paid a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 2.9%. The ex-dividend date was Wednesday, June 25th. This is a positive change from WisdomTree China ex-State-Owned Enterprises Fund's previous quarterly dividend of $0.11.

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

Several institutional investors have recently bought and sold shares of CXSE. Castlekeep Investment Advisors LLC bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund in the 4th quarter valued at approximately $1,092,000. SBI Securities Co. Ltd. increased its position in shares of WisdomTree China ex-State-Owned Enterprises Fund by 12.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 17,917 shares of the company's stock worth $610,000 after purchasing an additional 1,965 shares during the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 1st quarter worth approximately $485,000. OLD Mission Capital LLC raised 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 valued at $7,418,000 after acquiring an additional 184,518 shares during the period. Finally, Royal Bank of Canada boosted its position 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 worth $1,670,000 after purchasing an additional 38,024 shares during the period.

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.