Short Interest in First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Expands By 124.7%

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 33,877 shares, an increase of 124.7% from the January 29th total of 15,079 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average daily trading volume, of 15,717 shares, the short-interest ratio is presently 2.2 days. Based on an average daily trading volume, of 15,717 shares, the short-interest ratio is presently 2.2 days. Approximately 2.9% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust WCM Developing World Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. WESPAC Advisors SoCal LLC increased its stake in shares of First Trust WCM Developing World Equity ETF by 21.9% in the fourth quarter. WESPAC Advisors SoCal LLC now owns 101,194 shares of the company’s stock worth $1,743,000 after purchasing an additional 18,155 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of First Trust WCM Developing World Equity ETF in the 4th quarter worth about $1,711,000. Concurrent Investment Advisors LLC lifted its position in shares of First Trust WCM Developing World Equity ETF by 15.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 86,065 shares of the company’s stock worth $1,482,000 after purchasing an additional 11,334 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of First Trust WCM Developing World Equity ETF by 27.1% in the fourth quarter. Cetera Investment Advisers now owns 66,905 shares of the company’s stock valued at $1,152,000 after purchasing an additional 14,267 shares during the period. Finally, Daymark Wealth Partners LLC purchased a new position in First Trust WCM Developing World Equity ETF during the 4th quarter valued at about $1,002,000.

First Trust WCM Developing World Equity ETF Stock Down 1.6%

NYSEARCA WCME opened at $18.72 on Friday. First Trust WCM Developing World Equity ETF has a 52 week low of $12.08 and a 52 week high of $19.30. The firm has a market capitalization of $22.09 million, a P/E ratio of 19.05 and a beta of 1.55. The company has a 50-day moving average price of $18.25 and a 200-day moving average price of $17.40.

About First Trust WCM Developing World Equity ETF

The First Trust WCM Developing World Equity ETF (WCME) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to select equity securities of industry leading companies in emerging or frontier markets. Companies selected are considered to have positive fundamentals and may be of any market capitalization WCME was launched on Mar 31, 2020 and is issued by First Trust.