WisdomTree Cybersecurity Fund (NASDAQ:WCBR) Shares Shorted: Short Interest Up 1,202.3% in October

Key Points

• Short interest surged 1,202.3% to 313,885 shares as of October 15, up from 24,102 shares on September 30. Short interest represents 6.8% of outstanding shares, with a days-to-cover ratio of 2.4.
• WCBR shares rose to $51.36, near their 52-week high of $51.58, while trading volume exceeded its average. The fund has a market capitalization of approximately $235.7 million.
• Several institutional investors initiated positions during the third quarter, led by Royal Fund Management LLC with an investment valued at approximately $10.5 million.

WisdomTree Cybersecurity Fund (NASDAQ:WCBR - ) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 313,885 shares, a growth of 1,202.3% from the September 30th total of 24,102 shares. Based on an average daily trading volume, of 130,783 shares, the days-to-cover ratio is currently 2.4 days. Currently, 6.8% of the shares of the stock are short sold.

WisdomTree Cybersecurity Fund Stock Performance

Shares of NASDAQ:WCBR traded up $1.86 during trading hours on Monday, hitting $51.36. 349,374 shares of the company's stock traded hands, compared to its average volume of 63,320. WisdomTree Cybersecurity Fund has a 52 week low of $22.49 and a 52 week high of $51.58. The company's fifty day simple moving average is $43.90 and its two-hundred day simple moving average is $33.65. The company has a market cap of $235.74 million, a price-to-earnings ratio of 36.72 and a beta of 0.95.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WCBR. Signaturefd LLC purchased a new stake in shares of WisdomTree Cybersecurity Fund in the 3rd quarter valued at approximately $124,000. Royal Fund Management LLC acquired a new position in WisdomTree Cybersecurity Fund during the third quarter valued at $10,499,000. Prime Capital Investment Advisors LLC purchased a new stake in WisdomTree Cybersecurity Fund in the 3rd quarter worth about $213,000. Halbert Hargrove Global Advisors LLC acquired a new stake in WisdomTree Cybersecurity Fund during the 3rd quarter worth about $394,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in WisdomTree Cybersecurity Fund during the 3rd quarter worth about $1,491,000.

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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