Short Interest in First Trust WCM International Equity ETF (NYSEARCA:WCMI) Declines By 16.4%

First Trust WCM International Equity ETF (NYSEARCA:WCMI) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 102,988 shares, a decline of 16.4% from the December 31st total of 123,174 shares. Based on an average daily volume of 398,020 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 398,020 shares, the days-to-cover ratio is presently 0.3 days.

First Trust WCM International Equity ETF Price Performance

Shares of NYSEARCA:WCMI traded up $0.11 during trading on Monday, hitting $18.02. The company’s stock had a trading volume of 873,590 shares, compared to its average volume of 496,534. The firm has a market cap of $911.81 million, a price-to-earnings ratio of 24.74 and a beta of 1.41. The company has a 50-day moving average of $17.24 and a 200-day moving average of $16.59. First Trust WCM International Equity ETF has a 12 month low of $12.60 and a 12 month high of $18.44.

Institutional Investors Weigh In On First Trust WCM International Equity ETF

A number of hedge funds have recently modified their holdings of the business. Mutual Advisors LLC increased its stake in shares of First Trust WCM International Equity ETF by 0.3% in the 4th quarter. Mutual Advisors LLC now owns 230,627 shares of the company’s stock worth $3,923,000 after purchasing an additional 727 shares in the last quarter. Meadow Creek Wealth Advisors LLC grew its holdings in First Trust WCM International Equity ETF by 3.8% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 20,734 shares of the company’s stock valued at $346,000 after purchasing an additional 762 shares during the period. Optivise Advisory Services LLC increased its position in First Trust WCM International Equity ETF by 7.7% in the third quarter. Optivise Advisory Services LLC now owns 12,358 shares of the company’s stock worth $208,000 after buying an additional 888 shares in the last quarter. Calton & Associates Inc. increased its position in First Trust WCM International Equity ETF by 8.8% in the third quarter. Calton & Associates Inc. now owns 11,285 shares of the company’s stock worth $190,000 after buying an additional 914 shares in the last quarter. Finally, Advyzon Investment Management LLC raised its stake in shares of First Trust WCM International Equity ETF by 2.1% in the third quarter. Advyzon Investment Management LLC now owns 49,287 shares of the company’s stock worth $831,000 after buying an additional 1,024 shares during the period.

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.