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

Key Points

• Short interest in the WisdomTree Cybersecurity Fund (NASDAQ:WCBR) decreased by 26.7% in August, falling from 47,600 shares to 34,900 shares.
• Institutional investors have made significant changes to their holdings, with Bank of America Corp DE and Flow Traders U.S. LLC boosting their positions by 62.4% and 81.0% respectively during the second quarter.
• As of the latest trading, WCBR's stock has a market cap of $131.65 million and a current price of $31.05, reflecting a reduction of 0.8%.

WisdomTree Cybersecurity Fund (NASDAQ:WCBR - Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 34,900 shares, a drop of 26.7% from the August 15th total of 47,600 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average trading volume of 18,400 shares, the days-to-cover ratio is presently 1.9 days. Based on an average trading volume of 18,400 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On WisdomTree Cybersecurity Fund

Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its stake in shares of WisdomTree Cybersecurity Fund by 1.8% in the first quarter. NewEdge Advisors LLC now owns 87,950 shares of the company's stock worth $2,383,000 after purchasing an additional 1,586 shares during the period. OLD Mission Capital LLC acquired a new position in shares of WisdomTree Cybersecurity Fund in the 1st quarter worth approximately $290,000. PNC Financial Services Group Inc. raised its position in WisdomTree Cybersecurity Fund by 60.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,200 shares of the company's stock worth $33,000 after purchasing an additional 450 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of WisdomTree Cybersecurity Fund in the 1st quarter valued at $282,000. Finally, LPL Financial LLC boosted its stake in WisdomTree Cybersecurity Fund by 158.5% in the 1st quarter. LPL Financial LLC now owns 186,845 shares of the company's stock worth $5,063,000 after purchasing an additional 114,561 shares during the period.

WisdomTree Cybersecurity Fund Stock Performance

Shares of NASDAQ:WCBR traded up $0.12 during midday trading on Friday, hitting $32.13. 13,663 shares of the stock were exchanged, compared to its average volume of 24,499. WisdomTree Cybersecurity Fund has a 52-week low of $23.34 and a 52-week high of $32.71. The business's fifty day simple moving average is $30.62 and its two-hundred day simple moving average is $29.64. The company has a market capitalization of $136.23 million, a PE ratio of 36.72 and a beta of 0.85.

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.