Short Interest in First Trust WCM International Equity ETF (NYSEARCA:WCMI) Increases By 326.1%

First Trust WCM International Equity ETF (NYSEARCA:WCMI) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 438,809 shares, a growth of 326.1% from the January 15th total of 102,988 shares. Based on an average daily trading volume, of 560,562 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.9% of the shares of the stock are sold short. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 560,562 shares, the days-to-cover ratio is presently 0.8 days.

First Trust WCM International Equity ETF Stock Up 0.1%

NYSEARCA:WCMI traded up $0.03 during mid-day trading on Friday, reaching $17.93. 654,563 shares of the company were exchanged, compared to its average volume of 582,597. The stock has a market cap of $922.24 million, a PE ratio of 24.74 and a beta of 1.41. First Trust WCM International Equity ETF has a 12 month low of $12.60 and a 12 month high of $18.44. The company has a fifty day moving average of $17.51 and a 200 day moving average of $16.71.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA increased its stake in shares of First Trust WCM International Equity ETF by 360.8% in the 3rd quarter. Private Trust Co. NA now owns 1,811 shares of the company’s stock valued at $31,000 after buying an additional 1,418 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in First Trust WCM International Equity ETF in the third quarter valued at about $35,000. Cullen Frost Bankers Inc. acquired a new stake in First Trust WCM International Equity ETF in the fourth quarter worth about $49,000. Millstone Evans Group LLC increased its position in First Trust WCM International Equity ETF by 37.5% in the fourth quarter. Millstone Evans Group LLC now owns 3,237 shares of the company’s stock worth $55,000 after purchasing an additional 882 shares during the period. Finally, Private Wealth Asset Management LLC bought a new stake in First Trust WCM International Equity ETF during the 3rd quarter worth about $95,000.

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.