Short Interest in First Trust WCM International Equity ETF (NYSEARCA:WCMI) Drops By 76.6%

First Trust WCM International Equity ETF (NYSEARCA:WCMI) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 122,144 shares, a decline of 76.6% from the July 15th total of 523,055 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 933,691 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust WCM International Equity ETF

Several institutional investors have recently added to or reduced their stakes in WCMI. Dynamic Advisor Solutions LLC grew its holdings in First Trust WCM International Equity ETF by 1.2% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 322,882 shares of the company’s stock worth $6,319,000 after acquiring an additional 3,915 shares during the last quarter. Hobart Private Capital LLC bought a new stake in shares of First Trust WCM International Equity ETF in the second quarter worth about $5,754,000. Roxbury Financial LLC grew its stake in shares of First Trust WCM International Equity ETF by 53.3% in the second quarter. Roxbury Financial LLC now owns 26,864 shares of the company’s stock worth $526,000 after purchasing an additional 9,337 shares during the last quarter. Parallel Advisors LLC increased its holdings in First Trust WCM International Equity ETF by 12,042.8% during the 1st quarter. Parallel Advisors LLC now owns 744,598 shares of the company’s stock valued at $12,487,000 after purchasing an additional 738,466 shares during the period. Finally, Leigh Baldwin & CO. LLC purchased a new position in First Trust WCM International Equity ETF during the 1st quarter valued at about $1,681,000.

First Trust WCM International Equity ETF Trading Up 0.3%

WCMI stock traded up $0.06 during midday trading on Friday, hitting $20.11. The company had a trading volume of 574,154 shares, compared to its average volume of 685,280. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 24.74 and a beta of 0.69. First Trust WCM International Equity ETF has a 52 week low of $15.42 and a 52 week high of $20.13. The stock’s 50 day moving average price is $19.36 and its 200 day moving average price is $18.50.

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.