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

Key Points

• Short interest fell 18.8% to 49,036 shares as of April 15, equal to about 0.4% of the float, with a days-to-cover ratio of 2.6 based on average daily volume of 19,219 shares.
• Shares traded up $0.57 (about 1.4%) to $40.25 on mid-day activity with 81,090 shares changing hands (below the 118,474 average); the ETF has a market cap of $522.45 million and a 12‑month range of $31.99–$45.65.
• Multiple money managers have recently added or increased positions (Wells Fargo boosted its stake 168.1% to 2,871 shares), and CXSE is an ETF that tracks Chinese companies with less than 20% government ownership (ex-state-owned enterprises).

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE - ) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 49,036 shares, a decrease of 18.8% from the March 31st total of 60,408 shares. Currently, 0.4% of the company's stock are short sold. Based on an average daily volume of 19,219 shares, the days-to-cover ratio is presently 2.6 days.

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

Shares of NASDAQ:CXSE traded up $0.57 during mid-day trading on Thursday, hitting $40.25. 81,090 shares of the company traded hands, compared to its average volume of 118,474. The stock has a market cap of $522.45 million, a P/E ratio of 15.81 and a beta of 0.40. WisdomTree China ex-State-Owned Enterprises Fund has a 12-month low of $31.99 and a 12-month high of $45.65. The stock has a 50-day moving average price of $39.02 and a two-hundred day moving average price of $40.57.

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

A number of hedge funds have recently bought and sold shares of CXSE. Northwestern Mutual Wealth Management Co. bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the fourth quarter valued at about $33,000. Ankerstar Wealth LLC bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund during the 4th quarter worth approximately $60,000. Wells Fargo & Company MN lifted its position in shares of WisdomTree China ex-State-Owned Enterprises Fund by 168.1% during the 4th quarter. Wells Fargo & Company MN now owns 2,871 shares of the company's stock worth $115,000 after buying an additional 1,800 shares in the last quarter. Summit Investment Advisory Services LLC purchased a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the 1st quarter worth approximately $202,000. Finally, Belpointe Asset Management LLC bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the third quarter valued at approximately $209,000.

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.

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