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 decrease in short interest during the month of October. As of October 30th, there was short interest totaling 9,194 shares, a decrease of 69.9% from the October 15th total of 30,550 shares. Based on an average trading volume of 6,232 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.4% of the company’s stock are sold short.

First Trust WCM Developing World Equity ETF Price Performance

Shares of NYSEARCA WCME traded down $0.05 during midday trading on Friday, hitting $17.46. 2,916 shares of the company’s stock were exchanged, compared to its average volume of 14,594. First Trust WCM Developing World Equity ETF has a twelve month low of $16.17 and a twelve month high of $20.29. The company has a market cap of $36.32 million, a PE ratio of 12.37 and a beta of 0.99. The firm’s fifty day simple moving average is $18.57 and its 200-day simple moving average is $18.61.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WCME. Veracity Capital LLC raised its holdings in First Trust WCM Developing World Equity ETF by 5.3% during the third quarter. Veracity Capital LLC now owns 573,361 shares of the company’s stock worth $10,933,000 after purchasing an additional 28,805 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of 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 in the last quarter. Sowell Financial Services LLC purchased a new position in shares of First Trust WCM Developing World Equity ETF in the 3rd quarter valued at $2,947,000. Kestra Advisory Services LLC grew its position in shares of First Trust WCM Developing World Equity ETF by 4.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 123,035 shares of the company’s stock valued at $2,346,000 after buying an additional 4,977 shares during the last quarter. Finally, Woodward Diversified Capital LLC grew its position in shares of First Trust WCM Developing World Equity ETF by 179.6% in the 3rd quarter. Woodward Diversified Capital LLC now owns 84,016 shares of the company’s stock valued at $1,602,000 after buying an additional 53,964 shares during the last quarter.

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.