WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Trading Down 1.4% – Should You Sell?

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) shares traded down 1.4% during mid-day trading on Thursday . The company traded as low as $39.49 and last traded at $39.84. 8,282 shares were traded during trading, a decline of 92% from the average session volume of 104,416 shares. The stock had previously closed at $40.40.

WisdomTree China ex-State-Owned Enterprises Fund Price Performance

The company has a market cap of $514.92 million, a price-to-earnings ratio of 15.81 and a beta of 0.42. The business’s 50-day simple moving average is $39.40 and its 200-day simple moving average is $40.38.

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

A number of institutional investors have recently modified their holdings of CXSE. OLD Mission Capital LLC acquired a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the fourth quarter valued at approximately $2,069,000. Royal Bank of Canada raised its position in shares of WisdomTree China ex-State-Owned Enterprises Fund by 344.8% in the first 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. Susquehanna International Group LLP raised its position in shares of WisdomTree China ex-State-Owned Enterprises Fund by 92.0% in the third quarter. Susquehanna International Group LLP now owns 48,228 shares of the company’s stock valued at $2,150,000 after buying an additional 23,114 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the fourth quarter valued at approximately $823,000. Finally, Corient Private Wealth LLC acquired a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the second quarter valued at approximately $293,000.

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.