WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE - Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 28,000 shares, a decline of 51.0% from the March 31st total of 57,100 shares. Based on an average daily volume of 46,500 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.
Hedge Funds Weigh In On WisdomTree China ex-State-Owned Enterprises Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Avaii Wealth Management LLC bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 4th quarter valued at approximately $4,404,000. Avestar Capital LLC purchased a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 4th quarter valued at about $598,000. NewEdge Wealth LLC purchased a new position in WisdomTree China ex-State-Owned Enterprises Fund in the fourth quarter worth about $3,073,000. SBI Securities Co. Ltd. bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund during the fourth quarter worth approximately $477,000. Finally, LPL Financial LLC raised its position in WisdomTree China ex-State-Owned Enterprises Fund by 8.7% during the fourth quarter. LPL Financial LLC now owns 15,659 shares of the company's stock valued at $468,000 after purchasing an additional 1,257 shares during the period.
WisdomTree China ex-State-Owned Enterprises Fund Stock Performance
Shares of CXSE traded up $1.09 during midday trading on Friday, hitting $33.08. 21,754 shares of the company traded hands, compared to its average volume of 43,996. WisdomTree China ex-State-Owned Enterprises Fund has a 52 week low of $25.29 and a 52 week high of $39.71. The firm has a 50 day moving average of $32.83 and a 200-day moving average of $31.71. The stock has a market cap of $406.88 million, a price-to-earnings ratio of 16.05 and a beta of 0.57.
About WisdomTree China ex-State-Owned Enterprises Fund
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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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