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

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

Hedge Funds Weigh In On First Trust WCM International Equity ETF

A number of large investors have recently bought and sold shares of WCMI. Archer Investment Corp bought a new stake in First Trust WCM International Equity ETF during the 1st quarter valued at $25,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of First Trust WCM International Equity ETF in the 3rd quarter worth $35,000. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust WCM International Equity ETF during the 4th quarter worth $49,000. Millstone Evans Group LLC lifted its stake in shares of First Trust WCM International Equity ETF by 37.5% during the 4th 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 last quarter. Finally, Topsail Wealth Management LLC boosted its position in First Trust WCM International Equity ETF by 2,300.0% during the first quarter. Topsail Wealth Management LLC now owns 3,600 shares of the company’s stock valued at $60,000 after purchasing an additional 3,450 shares in the last quarter.

First Trust WCM International Equity ETF Price Performance

Shares of NYSEARCA:WCMI traded down $0.07 during trading hours on Monday, hitting $19.70. The company’s stock had a trading volume of 803,962 shares, compared to its average volume of 709,199. The firm’s fifty day moving average price is $19.45 and its 200 day moving average price is $18.64. First Trust WCM International Equity ETF has a 52 week low of $15.42 and a 52 week high of $20.24. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 24.74 and a beta of 0.69.

First Trust WCM International Equity ETF Company Profile

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.