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PCA9306: Enable the translator causing swing on Vref1

Part Number: PCA9306

Tool/software:

Hi 

As you can see below schematic I am trying use PCA9306 to convert 5V logic to 3.3V how ever it causing swing on my 3.3V which I have no idea why. 

1. Can this chip use to convert 5V to 3.3V  or I have to change it. 

Below is showing 3.3V with Enable resistor was removed 

Below is after adding 200k to enable you can see the swing on 3.3V line.  

Please let me know if you have any questions

Thanks