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

by · The Markets Daily

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (NYSEARCA:XSOE – Get Free Report) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 252,311 shares, a decline of 45.7% from the May 31st total of 464,787 shares. Based on an average daily trading volume, of 151,203 shares, the short-interest ratio is currently 1.7 days. Approximately 0.6% of the company’s shares are sold short.

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

Shares of XSOE traded down $0.67 during mid-day trading on Thursday, reaching $47.06. 140,804 shares of the company were exchanged, compared to its average volume of 153,667. The business has a 50 day simple moving average of $47.68 and a two-hundred day simple moving average of $43.58. The stock has a market capitalization of $2.13 billion, a PE ratio of 17.70 and a beta of 0.77. WisdomTree Emerging Markets ex-State-Owned Enterprises Fund has a 52 week low of $34.25 and a 52 week high of $51.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XSOE. JPMorgan Chase & Co. increased its position in shares of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 1.3% during the second quarter. JPMorgan Chase & Co. now owns 138,890 shares of the company’s stock worth $4,789,000 after buying an additional 1,784 shares during the period. Ameriprise Financial Inc. raised its stake in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 4.8% during the second quarter. Ameriprise Financial Inc. now owns 229,700 shares of the company’s stock worth $7,918,000 after buying an additional 10,467 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund in the third quarter valued at $2,976,000. Strategic Wealth Partners Ltd. acquired a new position in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund in the third quarter valued at $852,000. Finally, Montecito Bank & Trust boosted its position in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 0.9% during the fourth quarter. Montecito Bank & Trust now owns 42,745 shares of the company’s stock valued at $1,668,000 after acquiring an additional 401 shares during the last quarter.

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

(Get Free Report)

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.

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