WisdomTree Cybersecurity Fund (NASDAQ:WCBR) Sees Significant Drop in Short Interest

Key Points

• Short interest in WCBR fell 47.8% to 84,220 shares as of August 31, representing about 2.9% of shares outstanding and 1.4 days to cover.
• Several institutional investors increased their positions, including Bank of America, HighTower Advisors, Sunbelt Securities, and Cetera Investment Advisers.
• WCBR shares rose 2.0% to $44.11, near the fund’s 12-month high of $44.45. The cybersecurity ETF has a market capitalization of about $176.4 million.

WisdomTree Cybersecurity Fund (NASDAQ:WCBR - ) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 84,220 shares, a decrease of 47.8% from the August 15th total of 161,394 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average trading volume of 60,593 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On WisdomTree Cybersecurity Fund

A number of hedge funds and other institutional investors have recently modified their holdings of WCBR. Bank of America Corp DE lifted its position in WisdomTree Cybersecurity Fund by 41.8% in the 1st quarter. Bank of America Corp DE now owns 94,879 shares of the company's stock worth $2,367,000 after buying an additional 27,975 shares during the last quarter. HighTower Advisors LLC grew its position in WisdomTree Cybersecurity Fund by 2.7% during the fourth quarter. HighTower Advisors LLC now owns 1,049,217 shares of the company's stock valued at $29,224,000 after acquiring an additional 27,119 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of WisdomTree Cybersecurity Fund by 19.8% during the fourth quarter. Sunbelt Securities Inc. now owns 78,717 shares of the company's stock worth $2,193,000 after acquiring an additional 13,004 shares in the last quarter. Calton & Associates Inc. bought a new stake in shares of WisdomTree Cybersecurity Fund in the 4th quarter worth approximately $206,000. Finally, Cetera Investment Advisers lifted its holdings in shares of WisdomTree Cybersecurity Fund by 19.7% in the 1st quarter. Cetera Investment Advisers now owns 15,886 shares of the company's stock worth $396,000 after acquiring an additional 2,613 shares during the last quarter.

WisdomTree Cybersecurity Fund Trading Up 2.0%

Shares of NASDAQ WCBR traded up $0.87 during midday trading on Tuesday, hitting $44.11. 90,953 shares of the company's stock were exchanged, compared to its average volume of 52,194. The business's fifty day moving average price is $39.44 and its two-hundred day moving average price is $32.66. The company has a market cap of $176.41 million, a price-to-earnings ratio of 36.72 and a beta of 0.97. WisdomTree Cybersecurity Fund has a 12-month low of $22.49 and a 12-month high of $44.45.

About WisdomTree Cybersecurity Fund

The WisdomTree Cybersecurity Fund (WCBR) is an exchange-traded fund that is based on the WisdomTree Team8 Cybersecurity index. The fund tracks an index of developed market companies primarily involved in cybersecurity and security-oriented technology. WCBR was launched on Jan 28, 2021 and is managed by WisdomTree.

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