WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Sees Unusually-High Trading Volume – Here’s Why

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) saw an uptick in trading volume on Wednesday . 49,356 shares changed hands during trading, an increase of 69% from the previous session’s volume of 29,283 shares.The stock last traded at $40.95 and had previously closed at $41.18.

WisdomTree China ex-State-Owned Enterprises Fund Stock Down 0.4%

The firm has a 50 day moving average of $41.46 and a 200 day moving average of $39.70. The firm has a market cap of $512.75 million, a PE ratio of 15.81 and a beta of 0.33.

Institutional Trading of WisdomTree China ex-State-Owned Enterprises Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Activest Wealth Management bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund during the second quarter valued at about $63,000. Belpointe Asset Management LLC bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund during the third quarter valued at $209,000. Corient Private Wealth LLC bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the second quarter worth approximately $293,000. Bank of America Corp DE grew its stake in WisdomTree China ex-State-Owned Enterprises Fund by 4.7% in the 2nd quarter. Bank of America Corp DE now owns 13,779 shares of the company’s stock worth $474,000 after buying an additional 613 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of WisdomTree China ex-State-Owned Enterprises Fund by 8.2% in the 1st quarter. NewEdge Advisors LLC now owns 21,214 shares of the company’s stock worth $722,000 after buying an additional 1,610 shares during the last quarter.

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.