Short Interest in First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Increases By 399.9%

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

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

Hedge funds have recently bought and sold shares of the stock. Blackhawk Capital Partners LLC lifted its position in shares of First Trust WCM Developing World Equity ETF by 7.2% in the first 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 in the last quarter. Topsail Wealth Management LLC increased its position in First Trust WCM Developing World Equity ETF by 2,366.7% during the 1st quarter. Topsail Wealth Management LLC now owns 3,700 shares of the company’s stock worth $62,000 after purchasing an additional 3,550 shares in the last quarter. Jane Street Group LLC raised its stake in 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 purchasing an additional 6,073 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in 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 purchasing an additional 11,334 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in First Trust WCM Developing World Equity ETF by 19.3% in the 1st quarter. Cetera Investment Advisers now owns 79,831 shares of the company’s stock valued at $1,341,000 after purchasing an additional 12,926 shares during the last quarter.

First Trust WCM Developing World Equity ETF Stock Down 0.1%

Shares of First Trust WCM Developing World Equity ETF stock traded down $0.02 during trading on Friday, hitting $19.25. 628 shares of the company were exchanged, compared to its average volume of 16,568. First Trust WCM Developing World Equity ETF has a fifty-two week low of $16.02 and a fifty-two week 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. The firm has a 50 day moving average price of $18.97 and a 200 day moving average price of $18.60.

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.