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

Key Points

• The WisdomTree Cybersecurity Fund (WCBR) experienced a significant decline in short interest, dropping 29.7% in July, with only 6,400 shares shorted as of month-end.
• Several institutional investors, including Jane Street Group LLC and LPL Financial LLC, have markedly increased their stakes in the fund, contributing to a shift in ownership dynamics.
• The fund's stock opened at $29.76 with a market cap of $126.18 million, showcasing a PE ratio of 36.72 and a beta of 0.85.

WisdomTree Cybersecurity Fund (NASDAQ:WCBR - Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 6,400 shares, adecreaseof29.7% from the July 15th total of 9,100 shares. Currently,0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 15,400 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 15,400 shares, the short-interest ratio is currently 0.4 days. Currently,0.2% of the shares of the company are sold short.

Institutional Trading of WisdomTree Cybersecurity Fund

A number of institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in WisdomTree Cybersecurity Fund by 60.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,200 shares of the company's stock worth $33,000 after buying an additional 450 shares in the last quarter. IFP Advisors Inc acquired a new stake in WisdomTree Cybersecurity Fund during the first quarter worth $45,000. Raymond James Financial Inc. purchased a new position in shares of WisdomTree Cybersecurity Fund during the second quarter worth $60,000. Creative Financial Designs Inc. ADV purchased a new position in shares of WisdomTree Cybersecurity Fund during the first quarter worth $104,000. Finally, JPMorgan Chase & Co. increased its stake in WisdomTree Cybersecurity Fund by 14.6% during the 4th quarter. JPMorgan Chase & Co. now owns 3,932 shares of the company's stock worth $111,000 after buying an additional 501 shares during the period.

WisdomTree Cybersecurity Fund Price Performance

NASDAQ:WCBR traded up $0.62 during trading hours on Friday, reaching $30.16. The company had a trading volume of 13,087 shares, compared to its average volume of 25,347. WisdomTree Cybersecurity Fund has a 1-year low of $23.34 and a 1-year high of $32.71. The firm has a market cap of $127.88 million, a PE ratio of 36.72 and a beta of 0.85. The business's 50 day moving average price is $30.85 and its 200-day moving average price is $29.64.

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.