Short Interest in First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Drops By 86.8%

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 714 shares, a decrease of 86.8% from the June 30th total of 5,405 shares. Based on an average daily volume of 14,728 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

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

Hedge funds have recently bought and sold shares of the stock. Boyce & Associates Wealth Consulting Inc. lifted its position in First Trust WCM Developing World Equity ETF by 4.3% during the fourth quarter. Boyce & Associates Wealth Consulting Inc. now owns 20,616 shares of the company’s stock worth $355,000 after buying an additional 843 shares during the period. Blackhawk Capital Partners LLC grew its holdings in 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 buying an additional 1,503 shares during the period. Topsail Wealth Management LLC increased its stake in shares of 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 valued at $62,000 after acquiring an additional 3,550 shares during the last quarter. Jane Street Group LLC increased its stake 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 valued at $404,000 after acquiring an additional 6,073 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of First Trust WCM Developing World Equity ETF by 15.2% during the 4th quarter. Concurrent Investment Advisors LLC now owns 86,065 shares of the company’s stock worth $1,482,000 after acquiring an additional 11,334 shares during the period.

First Trust WCM Developing World Equity ETF Stock Down 2.2%

Shares of First Trust WCM Developing World Equity ETF stock traded down $0.41 during trading on Friday, hitting $18.31. 2,192 shares of the company were exchanged, compared to its average volume of 18,054. First Trust WCM Developing World Equity ETF has a fifty-two week low of $15.44 and a fifty-two week high of $20.29. The stock has a market capitalization of $35.34 million, a price-to-earnings ratio of 19.05 and a beta of 0.90. The firm has a 50 day moving average price of $19.25 and a 200 day moving average price of $18.54.

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.