Short Interest in WisdomTree Cybersecurity Fund (NASDAQ:WCBR) Expands By 643.8%

Key Points

• Short interest in the WisdomTree Cybersecurity Fund increased by 643.8% in August, rising from 6,400 shares to 47,600 shares, reflecting heightened bearish sentiment among investors.
• Notable hedge funds, including PNC Financial Services and IFP Advisors, have recently increased their positions in the fund, indicating potential confidence in its future performance.
• The fund's stock price decreased by 1.7% to $30.29, with a current market cap of $128.44 million and a PE ratio of 36.72.

WisdomTree Cybersecurity Fund (NASDAQ:WCBR - Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 47,600 shares, agrowthof643.8% from the July 31st total of 6,400 shares. Based on an average daily trading volume, of 16,900 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily trading volume, of 16,900 shares, the days-to-cover ratio is presently 2.8 days.

WisdomTree Cybersecurity Fund Trading Up 1.7%

NASDAQ:WCBR traded up $0.52 during trading hours on Friday, hitting $30.80. The company's stock had a trading volume of 10,528 shares, compared to its average volume of 25,049. The stock has a market capitalization of $130.59 million, a P/E ratio of 36.72 and a beta of 0.85. The stock has a fifty day moving average of $30.69 and a 200-day moving average of $29.52. WisdomTree Cybersecurity Fund has a 52-week low of $23.34 and a 52-week high of $32.71.

Hedge Funds Weigh In On WisdomTree Cybersecurity Fund

Several large investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in WisdomTree Cybersecurity Fund by 62.4% in the second quarter. Bank of America Corp DE now owns 50,962 shares of the company's stock valued at $1,626,000 after buying an additional 19,589 shares during the last quarter. Raymond James Financial Inc. acquired a new position in WisdomTree Cybersecurity Fund in the second quarter valued at $60,000. Flow Traders U.S. LLC boosted its stake in WisdomTree Cybersecurity Fund by 81.0% in the second quarter. Flow Traders U.S. LLC now owns 34,408 shares of the company's stock valued at $1,098,000 after acquiring an additional 15,395 shares in the last quarter. Nwam LLC boosted its stake in WisdomTree Cybersecurity Fund by 94.8% in the second quarter. Nwam LLC now owns 51,604 shares of the company's stock valued at $1,624,000 after acquiring an additional 25,114 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its stake in WisdomTree Cybersecurity Fund by 74.9% in the second quarter. Creative Financial Designs Inc. ADV now owns 6,742 shares of the company's stock valued at $215,000 after acquiring an additional 2,888 shares in the last quarter.

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.