WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) Stock Falls 2.7% – Should You Sell?

WisdomTree China ex-State-Owned Enterprises Fund (NASDAQ:CXSE) was down 2.7% during trading on Thursday. The stock traded as low as $31.85 and last traded at $31.94. Approximately 75,416 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 66,837 shares. The stock had previously closed at $32.81.

WisdomTree China ex-State-Owned Enterprises Fund Trading Down 2.7%

The firm has a market cap of $383.92 million, a PE ratio of 15.81 and a beta of 0.43. The stock has a fifty day simple moving average of $36.10 and a two-hundred day simple moving average of $38.15.

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

A number of large investors have recently modified their holdings of the company. Cassaday & Co Wealth Management LLC bought a new position in shares of WisdomTree China ex-State-Owned Enterprises Fund in the first quarter valued at approximately $134,000. Summit Investment Advisory Services LLC bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund during the 1st quarter worth approximately $202,000. Corient Private Wealth LP bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund during the 2nd quarter worth approximately $257,000. Finally, Citadel Advisors LLC bought a new stake in WisdomTree China ex-State-Owned Enterprises Fund during the 2nd quarter worth approximately $524,000.

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.