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

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

First Trust WCM Developing World Equity ETF Price Performance

NYSEARCA:WCME opened at $18.83 on Tuesday. The firm has a market capitalization of $35.40 million, a price-to-earnings ratio of 19.05 and a beta of 0.90. The company’s 50-day moving average is $19.37 and its two-hundred day moving average is $18.46. First Trust WCM Developing World Equity ETF has a 1-year low of $15.44 and a 1-year high of $20.29.

Institutional Trading of First Trust WCM Developing World Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers purchased a new stake in First Trust WCM Developing World Equity ETF during the second quarter worth about $413,000. Jane Street Group LLC lifted its position in shares of First Trust WCM Developing World Equity ETF by 31.1% during the 2nd quarter. Jane Street Group LLC now owns 25,629 shares of the company’s stock worth $404,000 after buying an additional 6,073 shares during the last quarter. WESPAC Advisors SoCal LLC boosted its stake in First Trust WCM Developing World Equity ETF by 21.9% in the fourth quarter. WESPAC Advisors SoCal LLC now owns 101,194 shares of the company’s stock valued at $1,743,000 after acquiring an additional 18,155 shares in the last quarter. Maridea Wealth Management LLC acquired a new stake in shares of First Trust WCM Developing World Equity ETF in the 4th quarter valued at about $624,000. Finally, Daymark Wealth Partners LLC acquired a new stake in shares of First Trust WCM Developing World Equity ETF in the fourth quarter valued at approximately $1,002,000.

About First Trust WCM Developing World Equity ETF

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.