WisdomTree Cybersecurity Fund (NASDAQ:WCBR) Shares Shorted: Short Interest Up 1,202.3% in October

WisdomTree Cybersecurity Fund (NASDAQ:WCBR) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 313,885 shares, an increase of 1,202.3% from the September 30th total of 24,102 shares. Currently, 6.8% of the company’s stock are short sold. Based on an average daily volume of 130,783 shares, the days-to-cover ratio is presently 2.4 days.

Hedge Funds Weigh In On WisdomTree Cybersecurity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WCBR. PNC Financial Services Group Inc. lifted its holdings in WisdomTree Cybersecurity Fund by 80.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,800 shares of the company’s stock worth $45,000 after purchasing an additional 800 shares during the last quarter. Signaturefd LLC acquired a new position in WisdomTree Cybersecurity Fund during the third quarter valued at approximately $124,000. Prime Capital Investment Advisors LLC acquired a new position in WisdomTree Cybersecurity Fund during the third quarter valued at approximately $213,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of WisdomTree Cybersecurity Fund in the third quarter valued at approximately $394,000. Finally, Cetera Investment Advisers raised its position in shares of WisdomTree Cybersecurity Fund by 19.7% in the first quarter. Cetera Investment Advisers now owns 15,886 shares of the company’s stock valued at $396,000 after purchasing an additional 2,613 shares during the period.

WisdomTree Cybersecurity Fund Price Performance

WCBR traded up $1.86 on Monday, reaching $51.36. 349,374 shares of the company traded hands, compared to its average volume of 63,320. The company has a market cap of $235.74 million, a price-to-earnings ratio of 36.72 and a beta of 0.95. The stock’s 50 day moving average price is $43.90 and its 200-day moving average price is $33.65. WisdomTree Cybersecurity Fund has a 52-week low of $22.49 and a 52-week high of $51.58.

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.