First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Short Interest Up 124.7% in February

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 33,877 shares, a growth of 124.7% from the January 29th total of 15,079 shares. Currently, 2.9% of the company’s shares are short sold. Based on an average daily volume of 15,717 shares, the short-interest ratio is currently 2.2 days. Based on an average daily volume of 15,717 shares, the short-interest ratio is currently 2.2 days. Currently, 2.9% of the company’s shares are short sold.

Institutional Investors Weigh In On First Trust WCM Developing World Equity ETF

Several institutional investors have recently bought and sold shares of the company. Stonehaven Wealth & Tax Solutions LLC acquired a new position in shares of First Trust WCM Developing World Equity ETF during the second quarter worth $198,000. HBW Advisory Services LLC acquired a new position in First Trust WCM Developing World Equity ETF during the 3rd quarter valued at about $317,000. Blackhawk Capital Partners LLC acquired a new position in First Trust WCM Developing World Equity ETF during the 3rd quarter valued at about $318,000. Boyce & Associates Wealth Consulting Inc. purchased a new stake in First Trust WCM Developing World Equity ETF in the third quarter valued at about $340,000. Finally, GPS Wealth Strategies Group LLC acquired a new stake in First Trust WCM Developing World Equity ETF in the third quarter worth about $366,000.

First Trust WCM Developing World Equity ETF Stock Performance

WCME traded down $0.04 during trading on Friday, hitting $18.68. 9,178 shares of the stock were exchanged, compared to its average volume of 15,969. The firm has a 50 day simple moving average of $18.28 and a 200 day simple moving average of $17.43. The firm has a market cap of $22.04 million, a price-to-earnings ratio of 19.05 and a beta of 1.55. First Trust WCM Developing World Equity ETF has a 1 year low of $12.08 and a 1 year high of $19.30.

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.