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

First Trust WCM International Equity ETF (NYSEARCA:WCMI) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 348,067 shares, a growth of 30.3% from the March 31st total of 267,053 shares. Based on an average daily volume of 369,796 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust WCM International Equity ETF

Hedge funds have recently modified their holdings of the company. Daymark Wealth Partners LLC boosted its position in shares of First Trust WCM International Equity ETF by 33.9% in the fourth quarter. Daymark Wealth Partners LLC now owns 145,763 shares of the company’s stock worth $2,479,000 after purchasing an additional 36,941 shares during the period. Boyce & Associates Wealth Consulting Inc. bought a new position in shares of First Trust WCM International Equity ETF in the third quarter worth approximately $524,000. Envestnet Asset Management Inc. boosted its stake in shares of First Trust WCM International Equity ETF by 114.9% in the third quarter. Envestnet Asset Management Inc. now owns 138,739 shares of the company’s stock worth $2,341,000 after acquiring an additional 74,176 shares during the period. HighTower Advisors LLC boosted its stake in shares of First Trust WCM International Equity ETF by 44.6% in the third quarter. HighTower Advisors LLC now owns 516,076 shares of the company’s stock worth $8,706,000 after acquiring an additional 159,081 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of First Trust WCM International Equity ETF by 688.7% in the third quarter. Farther Finance Advisors LLC now owns 49,618 shares of the company’s stock worth $837,000 after acquiring an additional 43,327 shares during the period.

First Trust WCM International Equity ETF Stock Down 0.6%

NYSEARCA:WCMI traded down $0.10 during mid-day trading on Wednesday, hitting $17.96. 329,363 shares of the company traded hands, compared to its average volume of 587,908. The stock’s fifty day moving average price is $17.60 and its 200-day moving average price is $17.29. First Trust WCM International Equity ETF has a one year low of $14.49 and a one year high of $18.86. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 24.74 and a beta of 0.62.

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.