WisdomTree Cybersecurity Fund (NASDAQ:WCBR) Shares Shorted: Short Interest Down 53.3% in September

Key Points

• Short interest fell 53.3% in September to 24,102 shares, representing about 0.6% of shares outstanding and only 0.2 days to cover based on average trading volume.
• WCBR shares traded at $48.57, near the fund’s 52-week high of $50.38, while its 50-day and 200-day moving averages stood at $42.76 and $35.52, respectively.
• Several institutional investors increased their positions, including Bank of America, PNC Financial Services, Sunbelt Securities and Cetera Investment Advisers. WCBR is an ETF focused on developed-market cybersecurity and security-technology companies.

WisdomTree Cybersecurity Fund (NASDAQ:WCBR - ) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 24,102 shares, a decline of 53.3% from the September 15th total of 51,582 shares. Based on an average daily trading volume, of 107,072 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.6% of the shares of the company are sold short.

WisdomTree Cybersecurity Fund Price Performance

Shares of WisdomTree Cybersecurity Fund stock traded up $0.10 during midday trading on Tuesday, hitting $48.57. The company had a trading volume of 125,166 shares, compared to its average volume of 58,926. The business's 50 day simple moving average is $42.76 and its two-hundred day simple moving average is $35.52. The stock has a market cap of $203.02 million, a PE ratio of 36.72 and a beta of 0.95. WisdomTree Cybersecurity Fund has a 1-year low of $22.49 and a 1-year high of $50.38.

Institutional Trading of WisdomTree Cybersecurity Fund

A number of hedge funds have recently bought and sold shares of WCBR. Bank of America Corp DE raised its position in shares of WisdomTree Cybersecurity Fund by 41.8% during the first quarter. Bank of America Corp DE now owns 94,879 shares of the company's stock valued at $2,367,000 after buying an additional 27,975 shares during the last quarter. Sunbelt Securities Inc. grew its position in 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 buying an additional 13,004 shares in the last quarter. Cetera Investment Advisers grew its position in WisdomTree Cybersecurity Fund by 19.7% during the first quarter. Cetera Investment Advisers now owns 15,886 shares of the company's stock worth $396,000 after buying an additional 2,613 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in WisdomTree Cybersecurity Fund by 5.6% during the second quarter. Envestnet Asset Management Inc. now owns 17,634 shares of the company's stock valued at $639,000 after acquiring an additional 943 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in WisdomTree Cybersecurity Fund by 80.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,800 shares of the company's stock valued at $45,000 after acquiring an additional 800 shares during the period.

WisdomTree Cybersecurity Fund Company Profile

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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