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

First Trust WCM International Equity ETF (NYSEARCA:WCMI) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 222,995 shares, an increase of 82.6% from the July 30th total of 122,144 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 828,792 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On First Trust WCM International Equity ETF

Several large investors have recently modified their holdings of WCMI. Koshinski Asset Management Inc. acquired a new stake in shares of First Trust WCM International Equity ETF in the 4th quarter valued at about $26,695,000. Arax Advisory Partners acquired a new position in shares of First Trust WCM International Equity ETF during the fourth quarter worth about $9,115,000. Private Advisor Group LLC bought a new position in shares of First Trust WCM International Equity ETF during the first quarter worth about $1,084,000. HighTower Advisors LLC grew its holdings in shares of First Trust WCM International Equity ETF by 21.4% during the fourth quarter. HighTower Advisors LLC now owns 626,719 shares of the company’s stock worth $10,660,000 after buying an additional 110,643 shares in the last quarter. Finally, Flputnam Investment Management Co. acquired a new stake in First Trust WCM International Equity ETF in the 4th quarter valued at approximately $1,371,000.

First Trust WCM International Equity ETF Stock Down 0.7%

Shares of WCMI traded down $0.13 during trading hours on Friday, reaching $19.77. The stock had a trading volume of 429,534 shares, compared to its average volume of 708,624. First Trust WCM International Equity ETF has a 52 week low of $15.42 and a 52 week high of $20.24. The firm has a 50-day moving average of $19.45 and a 200 day moving average of $18.63. The company has a market cap of $1.81 billion, a P/E ratio of 24.74 and a beta of 0.69.

About First Trust WCM International Equity ETF

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.