WisdomTree Cybersecurity Fund (NASDAQ:WCBR) Short Interest Up 643.8% in August

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) saw a large growth in short interest in 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 short-interest ratio is presently 2.8 days. Based on an average daily trading volume, of 16,900 shares, the short-interest ratio is presently 2.8 days.

Hedge Funds Weigh In On WisdomTree Cybersecurity Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its stake 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 worth $1,626,000 after buying an additional 19,589 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of WisdomTree Cybersecurity Fund in the 2nd quarter valued at $60,000. Flow Traders U.S. LLC raised its position in shares of WisdomTree Cybersecurity Fund by 81.0% in the 2nd quarter. Flow Traders U.S. LLC now owns 34,408 shares of the company's stock worth $1,098,000 after acquiring an additional 15,395 shares in the last quarter. Nwam LLC lifted its stake in shares of WisdomTree Cybersecurity Fund by 94.8% during the 2nd quarter. Nwam LLC now owns 51,604 shares of the company's stock worth $1,624,000 after purchasing an additional 25,114 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV boosted its position in WisdomTree Cybersecurity Fund by 74.9% during the second quarter. Creative Financial Designs Inc. ADV now owns 6,742 shares of the company's stock valued at $215,000 after purchasing an additional 2,888 shares in the last quarter.

WisdomTree Cybersecurity Fund Price Performance

WCBR stock traded up $0.52 during mid-day trading on Friday, reaching $30.80. The company had a trading volume of 10,528 shares, compared to its average volume of 25,049. The company has a market capitalization of $130.59 million, a PE ratio of 36.72 and a beta of 0.85. The firm has a 50 day moving average of $30.69 and a 200 day moving average of $29.52. WisdomTree Cybersecurity Fund has a 12 month low of $23.34 and a 12 month high of $32.71.

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.