First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Stock Short Interest Report for October

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 30,550 shares, an increase of 103.9% from the September 30th total of 14,984 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 16,729 shares, the days-to-cover ratio is presently 1.8 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WCME. Sowell Financial Services LLC acquired a new position in shares of First Trust WCM Developing World Equity ETF in the third quarter valued at $1,473,000. Woodward Diversified Capital LLC raised its position in shares of First Trust WCM Developing World Equity ETF by 179.6% in the third quarter. Woodward Diversified Capital LLC now owns 84,016 shares of the company’s stock valued at $1,602,000 after purchasing an additional 53,964 shares during the period. HBW Advisory Services LLC lifted its stake in shares of First Trust WCM Developing World Equity ETF by 7.4% during the 3rd quarter. HBW Advisory Services LLC now owns 32,843 shares of the company’s stock worth $626,000 after buying an additional 2,274 shares during the last quarter. Veracity Capital LLC lifted its stake in shares of First Trust WCM Developing World Equity ETF by 5.3% during the 3rd quarter. Veracity Capital LLC now owns 573,361 shares of the company’s stock worth $10,933,000 after buying an additional 28,805 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of First Trust WCM Developing World Equity ETF by 1,160.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 525,137 shares of the company’s stock worth $10,304,000 after buying an additional 483,479 shares during the period.

First Trust WCM Developing World Equity ETF Trading Down 2.2%

NYSEARCA:WCME traded down $0.39 on Friday, hitting $17.48. The company’s stock had a trading volume of 5,537 shares, compared to its average volume of 14,971. First Trust WCM Developing World Equity ETF has a one year low of $16.17 and a one year high of $20.29. The firm has a market capitalization of $36.36 million, a P/E ratio of 19.05 and a beta of 0.93. The stock has a fifty day moving average of $18.88 and a two-hundred day moving average of $18.65.

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.