WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (NYSEARCA:XSOE) Sees Large Increase in Short Interest

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (NYSEARCA:XSOE) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 66,513 shares, a growth of 493.2% from the September 30th total of 11,213 shares. Based on an average daily volume of 76,154 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On WisdomTree Emerging Markets 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. NewEdge Advisors LLC increased its position in shares of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 508,725.0% during the second quarter. NewEdge Advisors LLC now owns 101,765 shares of the company’s stock worth $5,330,000 after acquiring an additional 101,745 shares in the last quarter. Montecito Bank & Trust bought a new position in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund during the 3rd quarter worth about $1,658,000. Sherry Group Inc. increased its holdings in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 100.6% during the 3rd quarter. Sherry Group Inc. now owns 59,816 shares of the company’s stock worth $2,842,000 after purchasing an additional 29,992 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 9.3% in the 1st quarter. Bank of New York Mellon Corp now owns 202,510 shares of the company’s stock valued at $8,121,000 after purchasing an additional 17,249 shares during the period. Finally, Ascentis Independent Advisors raised its stake in shares of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 101.5% in the 1st quarter. Ascentis Independent Advisors now owns 19,650 shares of the company’s stock valued at $788,000 after purchasing an additional 9,900 shares during the period.

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund Price Performance

NYSEARCA XSOE traded down $0.70 on Thursday, hitting $43.95. 21,896 shares of the company were exchanged, compared to its average volume of 129,997. WisdomTree Emerging Markets ex-State-Owned Enterprises Fund has a twelve month low of $37.02 and a twelve month high of $51.38. The firm has a market capitalization of $1.94 billion, a P/E ratio of 17.70 and a beta of 0.79. The company’s 50 day moving average price is $46.71 and its 200-day moving average price is $45.20.

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund Company Profile

The WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market-cap-weighted index of emerging market companies, excluding state-owned enterprises. XSOE was launched on Dec 10, 2014 and is managed by WisdomTree.