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

First Trust WCM International Equity ETF (NYSEARCA:WCMI) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 162,850 shares, a drop of 65.0% from the April 30th total of 465,346 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 688,023 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of First Trust WCM International Equity ETF

A number of hedge funds have recently added to or reduced their stakes in WCMI. Bank of New York Mellon Corp acquired a new position in shares of First Trust WCM International Equity ETF in the fourth quarter worth about $41,712,000. Fiduciary Trust Co acquired a new stake in shares of First Trust WCM International Equity ETF during the 3rd quarter valued at about $37,015,000. NewEdge Advisors LLC grew its position in shares of First Trust WCM International Equity ETF by 1,533.3% during the 3rd quarter. NewEdge Advisors LLC now owns 2,145,150 shares of the company’s stock valued at $36,189,000 after acquiring an additional 2,013,812 shares during the period. Koshinski Asset Management Inc. purchased a new stake in First Trust WCM International Equity ETF in the 4th quarter worth $26,695,000. Finally, Raymond James Financial Inc. increased its holdings in First Trust WCM International Equity ETF by 784.6% in the 2nd quarter. Raymond James Financial Inc. now owns 1,493,556 shares of the company’s stock worth $23,762,000 after acquiring an additional 1,324,707 shares in the last quarter.

First Trust WCM International Equity ETF Price Performance

NYSEARCA:WCMI traded up $0.29 during trading hours on Monday, reaching $19.45. The company had a trading volume of 824,286 shares, compared to its average volume of 594,911. First Trust WCM International Equity ETF has a 1-year low of $15.17 and a 1-year high of $19.53. The business’s 50 day moving average price is $18.07 and its 200-day moving average price is $17.60. The firm has a market cap of $1.39 billion, a PE ratio of 24.74 and a beta of 0.70.

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.