WisdomTree Cybersecurity Fund (NASDAQ:WCBR) Shares Down 1.9% - Here's Why

Key Points

• The WisdomTree Cybersecurity Fund (WCBR) shares dropped by 1.9% to $30.87, with a trading volume decline of 44% from the average.
• The fund has a market capitalization of $130.89 million and a price-to-earnings ratio of 36.72, indicating a relatively high valuation compared to earnings.
• Several hedge funds increased their positions in the fund during the first quarter, with notable increases from PNC Financial Services Group and Nwam LLC.

Shares of WisdomTree Cybersecurity Fund (NASDAQ:WCBR - Get Free Report) dropped 1.9% during mid-day trading on Wednesday . The company traded as low as $30.72 and last traded at $30.87. Approximately 13,930 shares traded hands during trading, a decline of 44% from the average daily volume of 24,792 shares. The stock had previously closed at $31.47.

WisdomTree Cybersecurity Fund Stock Up 1.5%

The stock's 50-day moving average is $30.62 and its 200-day moving average is $29.58. The firm has a market cap of $132.67 million, a P/E ratio of 36.72 and a beta of 0.85.

Hedge Funds Weigh In On WisdomTree Cybersecurity Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Smith Anglin Financial LLC increased its holdings in WisdomTree Cybersecurity Fund by 36.4% in the 1st quarter. Smith Anglin Financial LLC now owns 1,020,122 shares of the company's stock valued at $27,645,000 after buying an additional 272,479 shares during the period. LPL Financial LLC increased its holdings in WisdomTree Cybersecurity Fund by 158.5% in the 1st quarter. LPL Financial LLC now owns 186,845 shares of the company's stock valued at $5,063,000 after buying an additional 114,561 shares during the period. NewEdge Advisors LLC increased its holdings in WisdomTree Cybersecurity Fund by 1.8% in the 1st quarter. NewEdge Advisors LLC now owns 87,950 shares of the company's stock valued at $2,383,000 after buying an additional 1,586 shares during the period. Jane Street Group LLC increased its holdings in WisdomTree Cybersecurity Fund by 231.8% in the 1st quarter. Jane Street Group LLC now owns 60,865 shares of the company's stock valued at $1,649,000 after buying an additional 42,520 shares during the period. Finally, Nwam LLC increased its holdings in WisdomTree Cybersecurity Fund by 94.8% in the 2nd quarter. Nwam LLC now owns 51,604 shares of the company's stock valued at $1,624,000 after buying an additional 25,114 shares during the period.

About WisdomTree Cybersecurity Fund

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.