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

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the recipient of a large decrease in short interest during 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 short-interest ratio is presently 1.5 days. Currently, 0.7% of the company’s stock are sold short.

First Trust WCM Developing World Equity ETF Trading Up 1.4%

Shares of WCME stock traded up $0.27 during mid-day trading on Tuesday, reaching $19.62. The stock had a trading volume of 5,372 shares, compared to its average volume of 18,569. First Trust WCM Developing World Equity ETF has a 1-year low of $15.44 and a 1-year high of $20.29. The firm has a market cap of $33.94 million, a price-to-earnings ratio of 19.05 and a beta of 0.90. The business’s fifty day moving average is $19.23 and its 200-day moving average is $18.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new stake in First Trust WCM Developing World Equity ETF in the 1st quarter valued at about $482,000. Cetera Investment Advisers increased its position in shares of 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 purchasing an additional 12,926 shares during the last quarter. Blackhawk Capital Partners LLC raised its stake 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 acquiring an additional 1,503 shares during the period. HBW Advisory Services LLC purchased a new stake in First Trust WCM Developing World Equity ETF in the first quarter valued at approximately $375,000. Finally, Kestra Advisory Services LLC lifted its stake in First Trust WCM Developing World Equity ETF by 22.0% during the 1st quarter. Kestra Advisory Services LLC now owns 121,181 shares of the company’s stock worth $2,035,000 after acquiring an additional 21,825 shares in the last quarter.

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.