Short Interest in First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Decreases By 52.9%

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 5,405 shares, a drop of 52.9% from the June 15th total of 11,484 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 9,113 shares, the days-to-cover ratio is currently 0.6 days.

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

A number of hedge funds have recently made changes to their positions in the company. Topsail Wealth Management LLC increased its holdings in shares of First Trust WCM Developing World Equity ETF by 2,366.7% during the first quarter. Topsail Wealth Management LLC now owns 3,700 shares of the company’s stock worth $62,000 after buying an additional 3,550 shares in the last quarter. Boyce & Associates Wealth Consulting Inc. increased its holdings in First Trust WCM Developing World Equity ETF by 4.3% during the 4th quarter. Boyce & Associates Wealth Consulting Inc. now owns 20,616 shares of the company’s stock valued at $355,000 after purchasing an additional 843 shares in the last quarter. Blackhawk Capital Partners LLC increased its holdings in First Trust WCM Developing World Equity ETF by 12.8% during the 4th quarter. Blackhawk Capital Partners LLC now owns 20,917 shares of the company’s stock valued at $360,000 after purchasing an additional 2,381 shares in the last quarter. HBW Advisory Services LLC bought a new position in First Trust WCM Developing World Equity ETF in the 1st quarter valued at $375,000. Finally, Jane Street Group LLC raised its holdings in shares of First Trust WCM Developing World Equity ETF by 31.1% in the second quarter. Jane Street Group LLC now owns 25,629 shares of the company’s stock valued at $404,000 after buying an additional 6,073 shares during the last quarter.

First Trust WCM Developing World Equity ETF Stock Up 0.1%

NYSEARCA:WCME traded up $0.01 during trading hours on Wednesday, reaching $19.12. The company had a trading volume of 14,711 shares, compared to its average volume of 18,278. The stock has a 50-day moving average of $19.35 and a two-hundred day moving average of $18.48. First Trust WCM Developing World Equity ETF has a one year low of $15.44 and a one year high of $20.29. The firm has a market capitalization of $35.95 million, a PE ratio of 19.05 and a beta of 0.90.

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.