WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Sees Unusually-High Trading Volume Following Dividend Announcement

Shares of WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) saw an uptick in trading volume on Wednesday following a dividend announcement from the company. 49,356 shares traded hands during mid-day 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.

The newly announced dividend which will be paid on Tuesday, December 30th. Investors of record on Friday, December 26th will be given a $0.3284 dividend. The ex-dividend date of this dividend is Friday, December 26th.

WisdomTree China ex-State-Owned Enterprises Fund Stock Performance

The stock has a fifty day simple moving average of $41.42 and a 200-day simple moving average of $39.71. The stock has a market cap of $512.75 million, a P/E ratio of 15.81 and a beta of 0.33.

Institutional Investors Weigh In On WisdomTree China ex-State-Owned Enterprises Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP boosted its position in WisdomTree China ex-State-Owned Enterprises Fund by 92.0% during the 3rd quarter. Susquehanna International Group LLP now owns 48,228 shares of the company’s stock worth $2,150,000 after acquiring an additional 23,114 shares during the last quarter. Avestar Capital LLC lifted its position in shares of WisdomTree China ex-State-Owned Enterprises Fund by 42.0% in the third quarter. Avestar Capital LLC now owns 28,422 shares of the company’s stock worth $1,267,000 after purchasing an additional 8,402 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in shares of WisdomTree China ex-State-Owned Enterprises Fund in the third quarter worth $209,000. Corient Private Wealth LLC acquired a new position in WisdomTree China ex-State-Owned Enterprises Fund during the second quarter worth $293,000. Finally, Activest Wealth Management bought a new position in WisdomTree China ex-State-Owned Enterprises Fund in the second quarter valued at $63,000.

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.