First Trust WCM International Equity ETF (NYSEARCA:WCMI) Sees Significant Increase in Short Interest

First Trust WCM International Equity ETF (NYSEARCA:WCMIGet Free Report) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 523,055 shares, an increase of 95.2% from the June 30th total of 267,979 shares. Based on an average trading volume of 734,159 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.6% of the shares of the company are short sold.

First Trust WCM International Equity ETF Stock Performance

Shares of First Trust WCM International Equity ETF stock opened at $18.51 on Thursday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 24.74 and a beta of 0.67. First Trust WCM International Equity ETF has a 52-week low of $15.28 and a 52-week high of $19.97. The stock’s 50-day simple moving average is $19.25 and its 200 day simple moving average is $18.36.

Institutional Trading of First Trust WCM International Equity ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Boyer Financial Services Inc. bought a new position in First Trust WCM International Equity ETF in the 4th quarter worth approximately $1,181,000. Koshinski Asset Management Inc. bought a new stake in First Trust WCM International Equity ETF during the 4th quarter valued at $26,695,000. Lincoln Capital Corp purchased a new stake in shares of First Trust WCM International Equity ETF during the first quarter worth $3,357,000. Ferguson Shapiro LLC purchased a new stake in shares of First Trust WCM International Equity ETF during the fourth quarter worth $12,794,000. Finally, HighTower Advisors LLC boosted its holdings in shares of First Trust WCM International Equity ETF by 21.4% in the fourth quarter. HighTower Advisors LLC now owns 626,719 shares of the company’s stock worth $10,660,000 after acquiring an additional 110,643 shares during the period.

First Trust WCM International Equity ETF Company Profile

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The First Trust WCM International Equity ETF (WCMI) is an exchange-traded fund that mostly invests in total market equity. The fund actively manages a portfolio of international equity securities of industry leading companies with positive fundamentals. The fund will hold stock or depositary receipts to obtain exposure and pursue long-term growth. WCMI was launched on Mar 31, 2020 and is issued by First Trust.

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