First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Sees Significant Growth in Short Interest

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 14,984 shares, an increase of 411.4% from the September 15th total of 2,930 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 7,439 shares, the days-to-cover ratio is presently 2.0 days.

First Trust WCM Developing World Equity ETF Price Performance

Shares of NYSEARCA WCME traded up $0.24 during midday trading on Friday, hitting $19.42. 4,371 shares of the company’s stock were exchanged, compared to its average volume of 15,603. First Trust WCM Developing World Equity ETF has a twelve month low of $16.17 and a twelve month high of $20.29. The company has a market cap of $40.39 million, a PE ratio of 19.05 and a beta of 0.93. The firm’s fifty day simple moving average is $19.10 and its 200-day simple moving average is $18.87.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Veracity Capital LLC grew its holdings in shares of First Trust WCM Developing World Equity ETF by 5.3% during the third quarter. Veracity Capital LLC now owns 573,361 shares of the company’s stock worth $10,933,000 after purchasing an additional 28,805 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of First Trust WCM Developing World Equity ETF by 1,160.6% during the second quarter. Envestnet Asset Management Inc. now owns 525,137 shares of the company’s stock worth $10,304,000 after purchasing an additional 483,479 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of First Trust WCM Developing World Equity ETF by 2.1% during the second quarter. NewEdge Advisors LLC now owns 29,300 shares of the company’s stock worth $575,000 after purchasing an additional 600 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust WCM Developing World Equity ETF by 19.3% in 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. Finally, Blackhawk Capital Partners LLC lifted its holdings in shares of 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 purchasing an additional 1,503 shares during the last quarter.

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.