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 - ) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 8,000 shares, an increase of 300.0% from the August 15th total of 2,000 shares. Based on an average daily trading volume, of 13,400 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 13,400 shares, the days-to-cover ratio is presently 0.6 days.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Activest Wealth Management bought a new position in WisdomTree China ex-State-Owned Enterprises Fund during the second quarter worth about $63,000. Corient Private Wealth LLC purchased a new stake in WisdomTree China ex-State-Owned Enterprises Fund in the second quarter valued at approximately $293,000. Bank of America Corp DE lifted its position in WisdomTree China ex-State-Owned Enterprises Fund by 4.7% during the second 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 last quarter. Foundations Investment Advisors LLC purchased a new position in WisdomTree China ex-State-Owned Enterprises Fund in the 1st quarter worth approximately $485,000. Finally, SBI Securities Co. Ltd. grew 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.

WisdomTree China ex-State-Owned Enterprises Fund Trading Up 3.3%

Shares of CXSE opened at $42.79 on Friday. The stock has a 50 day moving average of $38.16 and a 200 day moving average of $34.99. The company has a market capitalization of $526.32 million, a price-to-earnings ratio of 15.81 and a beta of 0.57. WisdomTree China ex-State-Owned Enterprises Fund has a 12 month low of $25.81 and a 12 month high of $42.80.

WisdomTree China ex-State-Owned Enterprises Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 25th were paid a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a dividend 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.

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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