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

First Trust WCM International Equity ETF (NYSEARCA:WCMI) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 523,055 shares, a growth of 95.2% from the June 30th total of 267,979 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 734,159 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On First Trust WCM International Equity ETF

Hedge funds have recently bought and sold shares of the stock. LPL Financial LLC increased its position in shares of First Trust WCM International Equity ETF by 19.1% in the 4th quarter. LPL Financial LLC now owns 3,643,204 shares of the company’s stock valued at $61,971,000 after purchasing an additional 584,070 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in First Trust WCM International Equity ETF by 11.6% in the first quarter. Bank of New York Mellon Corp now owns 2,737,739 shares of the company’s stock valued at $45,912,000 after buying an additional 285,539 shares during the last quarter. Royal Bank of Canada raised its stake in First Trust WCM International Equity ETF by 111.1% in the first quarter. Royal Bank of Canada now owns 2,445,053 shares of the company’s stock valued at $41,004,000 after buying an additional 1,286,689 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of First Trust WCM International Equity ETF by 2.7% during the 4th quarter. NewEdge Advisors LLC now owns 2,202,139 shares of the company’s stock worth $37,458,000 after acquiring an additional 56,989 shares in the last quarter. Finally, Fiduciary Trust Co acquired a new stake in shares of First Trust WCM International Equity ETF during the 3rd quarter worth about $37,015,000.

First Trust WCM International Equity ETF Stock Down 0.3%

NYSEARCA WCMI traded down $0.06 during trading on Friday, hitting $19.14. The stock had a trading volume of 453,271 shares, compared to its average volume of 674,117. The firm has a 50 day moving average price of $19.25 and a 200 day moving average price of $18.37. First Trust WCM International Equity ETF has a twelve month low of $15.28 and a twelve month high of $19.97. The company has a market capitalization of $1.74 billion, a PE ratio of 24.74 and a beta of 0.67.

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.