Short Interest in First Trust WCM International Equity ETF (NYSEARCA:WCMI) Decreases By 65.0%

First Trust WCM International Equity ETF (NYSEARCA:WCMI) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 162,850 shares, a decline of 65.0% from the April 30th total of 465,346 shares. Based on an average daily volume of 688,023 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

First Trust WCM International Equity ETF Price Performance

Shares of WCMI stock traded up $0.06 on Friday, hitting $19.16. The company’s stock had a trading volume of 619,506 shares, compared to its average volume of 592,662. First Trust WCM International Equity ETF has a fifty-two week low of $15.17 and a fifty-two week high of $19.31. The firm’s fifty day moving average price is $18.07 and its 200-day moving average price is $17.60. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 24.74 and a beta of 0.70.

Institutional Investors Weigh In On First Trust WCM International Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Leigh Baldwin & CO. LLC acquired a new stake in shares of First Trust WCM International Equity ETF in the 1st quarter valued at $1,681,000. Royal Bank of Canada lifted its stake in shares of First Trust WCM International Equity ETF by 111.1% in the 1st quarter. Royal Bank of Canada now owns 2,445,053 shares of the company’s stock valued at $41,004,000 after purchasing an additional 1,286,689 shares during the last quarter. Gateway Wealth Partners LLC acquired a new position in First Trust WCM International Equity ETF during the 1st quarter worth $397,000. Waverly Advisors LLC lifted its position in First Trust WCM International Equity ETF by 10.9% during the 1st quarter. Waverly Advisors LLC now owns 47,849 shares of the company’s stock worth $802,000 after acquiring an additional 4,695 shares during the last quarter. Finally, AlTi Global Inc. lifted its position in First Trust WCM International Equity ETF by 12.3% during the 1st quarter. AlTi Global Inc. now owns 153,371 shares of the company’s stock worth $2,572,000 after acquiring an additional 16,794 shares during the last quarter.

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.