First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Stock Short Interest Report for October

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 30,550 shares, a growth of 103.9% from the September 30th total of 14,984 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 16,729 shares, the short-interest ratio is currently 1.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WCME. Sowell Financial Services LLC bought a new stake in shares of First Trust WCM Developing World Equity ETF in the 3rd quarter worth approximately $1,473,000. Woodward Diversified Capital LLC raised its position in First Trust WCM Developing World Equity ETF by 179.6% in the third quarter. Woodward Diversified Capital LLC now owns 84,016 shares of the company’s stock worth $1,602,000 after purchasing an additional 53,964 shares in the last quarter. HBW Advisory Services LLC increased its stake in shares of First Trust WCM Developing World Equity ETF by 7.4% in the 3rd quarter. HBW Advisory Services LLC now owns 32,843 shares of the company’s stock valued at $626,000 after buying an additional 2,274 shares during the period. Veracity Capital LLC increased its position in shares of First Trust WCM Developing World Equity ETF by 5.3% in the 3rd quarter. Veracity Capital LLC now owns 573,361 shares of the company’s stock valued at $10,933,000 after buying an additional 28,805 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in First Trust WCM Developing World Equity ETF by 1,160.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 525,137 shares of the company’s stock valued at $10,304,000 after buying an additional 483,479 shares during the last quarter.

First Trust WCM Developing World Equity ETF Stock Performance

Shares of First Trust WCM Developing World Equity ETF stock traded down $0.39 on Friday, hitting $17.48. 5,537 shares of the company’s stock were exchanged, compared to its average volume of 14,971. The company has a 50-day simple moving average of $18.88 and a 200-day simple moving average of $18.65. First Trust WCM Developing World Equity ETF has a 1 year low of $16.17 and a 1 year high of $20.29. The stock has a market capitalization of $36.36 million, a PE ratio of 19.05 and a beta of 0.93.

First Trust WCM Developing World Equity ETF Company Profile

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.