Short Interest in First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Drops By 58.7%

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 11,484 shares, a decrease of 58.7% from the May 31st total of 27,797 shares. Based on an average daily volume of 7,657 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Trading of First Trust WCM Developing World Equity ETF

Several hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new position in First Trust WCM Developing World Equity ETF in the first quarter worth approximately $482,000. Cetera Investment Advisers grew its holdings in First Trust WCM Developing World Equity ETF by 19.3% during the 1st quarter. Cetera Investment Advisers now owns 79,831 shares of the company’s stock worth $1,341,000 after acquiring an additional 12,926 shares in the last quarter. Blackhawk Capital Partners LLC increased its position in shares of First Trust WCM Developing World Equity ETF by 7.2% in the 1st quarter. Blackhawk Capital Partners LLC now owns 22,420 shares of the company’s stock valued at $376,000 after purchasing an additional 1,503 shares during the last quarter. HBW Advisory Services LLC purchased a new stake in shares of First Trust WCM Developing World Equity ETF in the 1st quarter valued at approximately $375,000. Finally, Kestra Advisory Services LLC raised its holdings in shares of First Trust WCM Developing World Equity ETF by 22.0% in the 1st quarter. Kestra Advisory Services LLC now owns 121,181 shares of the company’s stock valued at $2,035,000 after purchasing an additional 21,825 shares in the last quarter.

First Trust WCM Developing World Equity ETF Stock Performance

WCME stock traded up $0.08 during mid-day trading on Monday, reaching $19.34. The company had a trading volume of 12,755 shares, compared to its average volume of 18,660. The firm has a fifty day simple moving average of $19.21 and a 200 day simple moving average of $18.28. The company has a market capitalization of $33.46 million, a price-to-earnings ratio of 19.05 and a beta of 0.90. First Trust WCM Developing World Equity ETF has a fifty-two week low of $15.44 and a fifty-two week high of $20.29.

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.