First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Short Interest Down 68.9% in January

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 8,817 shares, a decline of 68.9% from the December 31st total of 28,369 shares. Based on an average daily volume of 15,173 shares, the short-interest ratio is presently 0.6 days. Approximately 0.7% of the company’s shares are sold short. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 15,173 shares, the short-interest ratio is presently 0.6 days.

First Trust WCM Developing World Equity ETF Trading Up 1.2%

NYSEARCA WCME traded up $0.22 on Wednesday, hitting $19.22. The company’s stock had a trading volume of 22,035 shares, compared to its average volume of 12,135. The firm has a market cap of $22.68 million, a P/E ratio of 19.05 and a beta of 1.55. First Trust WCM Developing World Equity ETF has a 52-week low of $12.08 and a 52-week high of $19.28. The company’s 50-day simple moving average is $17.49 and its 200 day simple moving average is $16.97.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in WCME. Stonehaven Wealth & Tax Solutions LLC bought a new position in First Trust WCM Developing World Equity ETF in the 2nd quarter worth $198,000. HBW Advisory Services LLC purchased a new position in shares of First Trust WCM Developing World Equity ETF during the third quarter valued at about $317,000. Blackhawk Capital Partners LLC bought a new position in First Trust WCM Developing World Equity ETF in the third quarter worth about $318,000. Boyce & Associates Wealth Consulting Inc. bought a new position in First Trust WCM Developing World Equity ETF in the third quarter worth about $340,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in First Trust WCM Developing World Equity ETF in the third quarter worth about $366,000.

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.