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

Key Points

• Short interest surged 44.1% in March to 6,947 shares (about 0.1% of shares), with a days-to-cover ratio of 0.1 days based on an average daily volume of 75,149 shares.
• Institutional buying: Royal Bank of Canada increased its stake by 344.8% to 49,052 shares (~$1.67M), while NewEdge and Bank of America modestly boosted positions and Corient and Belpointe opened new stakes.
• Shares traded up 0.2% to $37.08; the fund has a market cap of ~$421.97M, a 52-week range of $27.81–$45.65, and a P/E of 15.81.

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE - ) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 6,947 shares, an increase of 44.1% from the February 26th total of 4,821 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 75,149 shares, the days-to-cover ratio is currently 0.1 days.

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

Several large investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of WisdomTree China ex-State-Owned Enterprises Fund by 344.8% during the 1st quarter. Royal Bank of Canada now owns 49,052 shares of the company's stock valued at $1,670,000 after buying an additional 38,024 shares during the last quarter. NewEdge Advisors LLC boosted its stake in WisdomTree China ex-State-Owned Enterprises Fund by 8.2% during the 1st quarter. NewEdge Advisors LLC now owns 21,214 shares of the company's stock valued at $722,000 after acquiring an additional 1,610 shares during the last quarter. Bank of America Corp DE grew its holdings in 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 acquiring an additional 613 shares in the last quarter. Corient Private Wealth LLC acquired a new position in WisdomTree China ex-State-Owned Enterprises Fund during the 2nd quarter worth $293,000. Finally, Belpointe Asset Management LLC bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the 3rd quarter worth about $209,000.

WisdomTree China ex-State-Owned Enterprises Fund Trading Up 0.2%

Shares of WisdomTree China ex-State-Owned Enterprises Fund stock traded up $0.06 during trading hours on Friday, reaching $37.08. 42,676 shares of the company's stock were exchanged, compared to its average volume of 155,869. WisdomTree China ex-State-Owned Enterprises Fund has a 52-week low of $27.81 and a 52-week high of $45.65. The firm has a market capitalization of $421.97 million, a price-to-earnings ratio of 15.81 and a beta of 0.33. The company has a fifty day moving average of $39.91 and a 200-day moving average of $41.29.

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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