WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 57,100 shares, an increase of 1,364.1% from the March 15th total of 3,900 shares. Approximately 0.5% of the company's shares are short sold. Based on an average daily trading volume, of 44,400 shares, the days-to-cover ratio is presently 1.3 days.
WisdomTree China ex-State-Owned Enterprises Fund Stock Performance
Shares of CXSE stock remained flat at $30.41 on Friday. 24,591 shares of the stock were exchanged, compared to its average volume of 47,092. The firm has a 50 day simple moving average of $33.22 and a 200-day simple moving average of $31.97. The stock has a market capitalization of $380.73 million, a P/E ratio of 15.61 and a beta of 0.57. WisdomTree China ex-State-Owned Enterprises Fund has a one year low of $25.29 and a one year high of $39.71.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the 4th quarter worth approximately $49,000. LPL Financial LLC increased its position in shares of WisdomTree China ex-State-Owned Enterprises Fund by 8.7% during the 4th 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 last quarter. SBI Securities Co. Ltd. bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund in the fourth quarter worth $477,000. NewEdge Advisors LLC purchased a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the fourth quarter valued at about $586,000. Finally, Avestar Capital LLC purchased a new stake in WisdomTree China ex-State-Owned Enterprises Fund in the 4th quarter worth approximately $598,000.
WisdomTree China ex-State-Owned Enterprises Fund Company Profile
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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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