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 significant growth in short interest in October. As of October 15th, there was short interest totaling 959,551 shares, a growth of 77.4% from the September 30th total of 540,913 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily volume of 1,118,846 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of First Trust WCM International Equity ETF

Several large investors have recently modified their holdings of the company. Kestra Private Wealth Services LLC bought a new stake in First Trust WCM International Equity ETF in the third quarter valued at $565,000. Integrity Alliance LLC. acquired a new position in First Trust WCM International Equity ETF in the third quarter valued at about $799,000. MGO One Seven LLC raised its holdings in First Trust WCM International Equity ETF by 18.5% in the third quarter. MGO One Seven LLC now owns 250,188 shares of the company’s stock worth $4,774,000 after purchasing an additional 39,009 shares during the period. Fusion Capital LLC bought a new position in shares of First Trust WCM International Equity ETF during the 3rd quarter valued at about $4,564,000. Finally, VestGen Advisors LLC increased its position in shares of First Trust WCM International Equity ETF by 71.3% during the third quarter. VestGen Advisors LLC now owns 815,474 shares of the company’s stock worth $15,559,000 after acquiring an additional 339,431 shares in the last quarter.

First Trust WCM International Equity ETF Price Performance

WCMI traded down $0.37 on Friday, hitting $18.27. The company had a trading volume of 1,554,432 shares, compared to its average volume of 796,524. The company’s fifty day moving average price is $19.18 and its 200 day moving average price is $18.67. First Trust WCM International Equity ETF has a 1-year low of $15.70 and a 1-year high of $20.24. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 24.74 and a beta of 0.72.

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.