WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (NYSEARCA:XSOE) Sees Unusually-High Trading Volume – Should You Buy?

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (NYSEARCA:XSOE) shares saw unusually-high trading volume on Friday . Approximately 497,438 shares traded hands during trading, an increase of 121% from the previous session’s volume of 225,325 shares.The stock last traded at $29.97 and had previously closed at $30.52.

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund Trading Down 1.7 %

The stock has a 50 day simple moving average of $31.32 and a 200 day simple moving average of $31.46. The stock has a market cap of $1.99 billion, a P/E ratio of 15.50 and a beta of 0.94.

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

Several hedge funds have recently bought and sold shares of the company. Flow Traders U.S. LLC acquired a new position in shares of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund during the third quarter worth $80,187,000. MAI Capital Management grew its holdings in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 5.8% during the 3rd quarter. MAI Capital Management now owns 30,314 shares of the company’s stock worth $1,001,000 after acquiring an additional 1,653 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 7.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 8,173 shares of the company’s stock valued at $270,000 after acquiring an additional 600 shares during the period. Highline Wealth Partners LLC bought a new position in shares of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund during the third quarter valued at $61,000. Finally, Rise Advisors LLC lifted its holdings in shares of WisdomTree Emerging Markets ex-State-Owned Enterprises Fund by 6.2% during the third quarter. Rise Advisors LLC now owns 131,559 shares of the company’s stock worth $4,345,000 after purchasing an additional 7,635 shares during the period.

About WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

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.