First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Short Interest Update

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 3,799 shares, an increase of 432.1% from the July 15th total of 714 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,661 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of First Trust WCM Developing World Equity ETF

Several institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new position in shares of First Trust WCM Developing World Equity ETF during the 1st quarter worth about $482,000. Cetera Investment Advisers increased its stake in First Trust WCM Developing World Equity ETF by 19.3% during the 1st quarter. Cetera Investment Advisers now owns 79,831 shares of the company’s stock worth $1,341,000 after buying an additional 12,926 shares in the last quarter. Blackhawk Capital Partners LLC increased its stake in First Trust WCM Developing World Equity ETF by 7.2% during the 1st quarter. Blackhawk Capital Partners LLC now owns 22,420 shares of the company’s stock worth $376,000 after buying an additional 1,503 shares in the last quarter. HBW Advisory Services LLC acquired a new position in shares of First Trust WCM Developing World Equity ETF during the first quarter valued at approximately $375,000. Finally, Kestra Advisory Services LLC lifted its position in shares of First Trust WCM Developing World Equity ETF by 22.0% in the first quarter. Kestra Advisory Services LLC now owns 121,181 shares of the company’s stock valued at $2,035,000 after acquiring an additional 21,825 shares in the last quarter.

First Trust WCM Developing World Equity ETF Stock Performance

Shares of NYSEARCA:WCME traded up $0.06 during midday trading on Thursday, reaching $19.01. 1,034 shares of the company’s stock traded hands, compared to its average volume of 17,418. The company has a market cap of $36.69 million, a P/E ratio of 19.05 and a beta of 0.94. The company has a fifty day simple moving average of $18.99 and a two-hundred day simple moving average of $18.58. First Trust WCM Developing World Equity ETF has a 1 year low of $15.90 and a 1 year high of $20.29.

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.