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

First Trust WCM International Equity ETF (NYSEARCA:WCMI – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 959,551 shares, a growth of 77.4% from the September 30th total of 540,913 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 1,118,846 shares, the days-to-cover ratio is currently 0.9 days.

First Trust WCM International Equity ETF Price Performance

Shares of WCMI stock traded up $0.12 during mid-day trading on Tuesday, hitting $18.32. 223,268 shares of the stock traded hands, compared to its average volume of 795,226. The stock has a market cap of $2.08 billion, a P/E ratio of 24.74 and a beta of 0.72. The stock’s fifty day moving average is $19.15 and its two-hundred day moving average is $18.67. First Trust WCM International Equity ETF has a 52-week low of $15.70 and a 52-week high of $20.24.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Apollon Wealth Management LLC grew its holdings in shares of First Trust WCM International Equity ETF by 6,437.0% during the third quarter. Apollon Wealth Management LLC now owns 5,366,360 shares of the company’s stock valued at $102,390,000 after buying an additional 5,284,268 shares during the last quarter. Bank of New York Mellon Corp raised its stake in First Trust WCM International Equity ETF by 11.6% in the 1st quarter. Bank of New York Mellon Corp now owns 2,737,739 shares of the company’s stock worth $45,912,000 after acquiring an additional 285,539 shares during the last quarter. NewEdge Advisors LLC raised its stake in First Trust WCM International Equity ETF by 4.9% in the 2nd quarter. NewEdge Advisors LLC now owns 2,712,219 shares of the company’s stock worth $53,078,000 after acquiring an additional 126,030 shares during the last quarter. Royal Bank of Canada raised its stake in First Trust WCM International Equity ETF by 111.1% in the 1st quarter. Royal Bank of Canada now owns 2,445,053 shares of the company’s stock worth $41,004,000 after acquiring an additional 1,286,689 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in First Trust WCM International Equity ETF by 20.3% during the 1st quarter. Koshinski Asset Management Inc. now owns 1,888,575 shares of the company’s stock worth $31,671,000 after acquiring an additional 319,233 shares during the period.

About First Trust WCM International Equity ETF

(Get Free Report)

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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