First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Sees Large Increase in Short Interest

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 18,993 shares, an increase of 399.9% from the July 30th total of 3,799 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 13,477 shares, the days-to-cover ratio is currently 1.4 days.

First Trust WCM Developing World Equity ETF Stock Performance

NYSEARCA WCME traded down $0.04 during trading hours on Wednesday, hitting $19.25. 810 shares of the company traded hands, compared to its average volume of 16,742. The business’s 50-day moving average is $19.00 and its 200-day moving average is $18.59. First Trust WCM Developing World Equity ETF has a twelve month low of $16.01 and a twelve month high of $20.29. The stock has a market capitalization of $37.15 million, a price-to-earnings ratio of 19.05 and a beta of 0.94.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers acquired a new position in First Trust WCM Developing World Equity ETF during the second quarter worth $413,000. Jane Street Group LLC grew its position in shares of First Trust WCM Developing World Equity ETF by 31.1% in the 2nd quarter. Jane Street Group LLC now owns 25,629 shares of the company’s stock valued at $404,000 after acquiring an additional 6,073 shares during the period. Concurrent Investment Advisors LLC grew its position in shares of First Trust WCM Developing World Equity ETF by 15.2% in the 4th quarter. Concurrent Investment Advisors LLC now owns 86,065 shares of the company’s stock valued at $1,482,000 after acquiring an additional 11,334 shares during the period. Blackhawk Capital Partners LLC increased its stake in shares of 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 worth $360,000 after purchasing an additional 2,381 shares during the last quarter. Finally, Wagner Wealth Management Corp acquired a new position in shares of First Trust WCM Developing World Equity ETF during the 4th quarter worth about $446,000.

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.