First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Shares Shorted: Short Interest Down 86.1% in September

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 2,930 shares, a decline of 86.1% from the August 31st total of 21,078 shares. Based on an average trading volume of 5,260 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are sold short.

First Trust WCM Developing World Equity ETF Trading Up 1.1%

Shares of WCME stock opened at $19.37 on Friday. First Trust WCM Developing World Equity ETF has a 1 year low of $16.17 and a 1 year high of $20.29. The firm’s 50 day moving average is $18.92 and its 200-day moving average is $18.70. The firm has a market capitalization of $38.35 million, a price-to-earnings ratio of 19.05 and a beta of 0.94.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WCME. Envestnet Asset Management Inc. lifted its stake in shares of First Trust WCM Developing World Equity ETF by 1,160.6% during the second quarter. Envestnet Asset Management Inc. now owns 525,137 shares of the company’s stock valued at $10,304,000 after acquiring an additional 483,479 shares during the period. Maridea Wealth Management LLC lifted its position in First Trust WCM Developing World Equity ETF by 95.1% during the 1st quarter. Maridea Wealth Management LLC now owns 70,734 shares of the company’s stock valued at $1,188,000 after purchasing an additional 34,488 shares during the period. NewEdge Advisors LLC bought a new position in shares of First Trust WCM Developing World Equity ETF in the 1st quarter valued at about $482,000. HBW Advisory Services LLC bought a new position in shares of First Trust WCM Developing World Equity ETF in the 1st quarter valued at about $375,000. Finally, Kestra Advisory Services LLC grew its position in shares of 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 buying an additional 21,825 shares during the period.

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.