First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Stock Short Interest Declines 86.1%

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

First Trust WCM Developing World Equity ETF Stock Up 1.2%

Shares of NYSEARCA WCME traded up $0.23 during midday trading on Friday, hitting $19.39. The stock had a trading volume of 830 shares, compared to its average volume of 15,382. First Trust WCM Developing World Equity ETF has a 1-year low of $16.17 and a 1-year high of $20.29. The company has a market capitalization of $38.39 million, a price-to-earnings ratio of 19.05 and a beta of 0.94. The company has a fifty day moving average price of $18.90 and a 200 day moving average price of $18.69.

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

A number of hedge funds have recently made changes to their positions in the business. Topsail Wealth Management LLC boosted its position in 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 worth $62,000 after purchasing an additional 3,550 shares during the period. HBW Advisory Services LLC purchased a new stake in shares of First Trust WCM Developing World Equity ETF in the first quarter worth about $375,000. Blackhawk Capital Partners LLC grew its stake in shares of First Trust WCM Developing World Equity ETF by 7.2% in the first 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 in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of First Trust WCM Developing World Equity ETF during the 1st quarter valued at about $482,000. Finally, Maridea Wealth Management LLC boosted its holdings in First Trust WCM Developing World Equity ETF by 95.1% in the 1st quarter. Maridea Wealth Management LLC now owns 70,734 shares of the company’s stock worth $1,188,000 after acquiring an additional 34,488 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.