First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Short Interest Down 84.8% in March

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 11,440 shares, a decline of 84.8% from the February 26th total of 75,317 shares. Based on an average daily trading volume, of 28,798 shares, the short-interest ratio is currently 0.4 days. Currently, 1.0% of the shares of the stock are short sold. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 28,798 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust WCM Developing World Equity ETF

A number of institutional investors 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 valued at approximately $198,000. HBW Advisory Services LLC bought a new stake in shares of First Trust WCM Developing World Equity ETF during the third quarter worth $317,000. Blackhawk Capital Partners LLC acquired a new position in shares of First Trust WCM Developing World Equity ETF during the third quarter worth $318,000. Boyce & Associates Wealth Consulting Inc. acquired a new position in shares of First Trust WCM Developing World Equity ETF during the third quarter worth $340,000. Finally, GPS Wealth Strategies Group LLC bought a new position in shares of First Trust WCM Developing World Equity ETF in the 3rd quarter valued at $366,000.

First Trust WCM Developing World Equity ETF Price Performance

NYSEARCA:WCME traded down $0.06 during trading hours on Tuesday, hitting $16.89. The company’s stock had a trading volume of 5,219 shares, compared to its average volume of 19,950. First Trust WCM Developing World Equity ETF has a twelve month low of $12.08 and a twelve month high of $19.30. The stock has a fifty day simple moving average of $18.17 and a 200-day simple moving average of $17.56. The company has a market capitalization of $19.93 million, a P/E ratio of 19.05 and a beta of 1.55.

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.