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 recipient of a significant growth in short interest in 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. Based on an average trading volume of 13,477 shares, the short-interest ratio is presently 1.4 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC lifted its position in shares of First Trust WCM Developing World Equity ETF by 22.0% in the 1st quarter. Kestra Advisory Services LLC now owns 121,181 shares of the company’s stock worth $2,035,000 after purchasing an additional 21,825 shares during the period. Concurrent Investment Advisors LLC lifted its position in shares of First Trust WCM Developing World Equity ETF by 15.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 86,065 shares of the company’s stock worth $1,482,000 after buying an additional 11,334 shares in the last quarter. 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 valued at $1,341,000 after purchasing an additional 12,926 shares during the last quarter. Maridea Wealth Management LLC increased its stake in First Trust WCM Developing World Equity ETF by 95.1% in the first quarter. Maridea Wealth Management LLC now owns 70,734 shares of the company’s stock worth $1,188,000 after purchasing an additional 34,488 shares during the period. Finally, NewEdge Advisors LLC bought a new stake in shares of First Trust WCM Developing World Equity ETF in the first quarter valued at about $482,000.

First Trust WCM Developing World Equity ETF Price Performance

Shares of WCME stock traded up $0.04 on Thursday, hitting $19.24. The stock had a trading volume of 3,468 shares, compared to its average volume of 16,666. The stock has a market cap of $37.13 million, a price-to-earnings ratio of 19.05 and a beta of 0.94. First Trust WCM Developing World Equity ETF has a 12-month low of $16.02 and a 12-month high of $20.29. The business has a 50 day moving average of $18.99 and a 200 day moving average of $18.60.

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.