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

by · The Markets Daily

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME – Get Free Report) was the recipient of a large increase in short interest in the month of 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. Based on an average trading volume of 7,439 shares, the short-interest ratio is presently 2.0 days. Currently, 0.7% of the shares of the company are short sold.

First Trust WCM Developing World Equity ETF Trading Up 1.3%

First Trust WCM Developing World Equity ETF stock traded up $0.24 during trading on Friday, reaching $19.42. The company had a trading volume of 4,371 shares, compared to its average volume of 15,603. First Trust WCM Developing World Equity ETF has a 52 week low of $16.17 and a 52 week high of $20.29. The firm’s 50-day simple moving average is $19.10 and its 200 day simple moving average is $18.86. The firm has a market capitalization of $40.39 million, a price-to-earnings ratio of 19.05 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Topsail Wealth Management LLC lifted its position in shares of 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 valued at $62,000 after buying an additional 3,550 shares in the last quarter. HBW Advisory Services LLC purchased a new stake in First Trust WCM Developing World Equity ETF in the 1st quarter worth approximately $375,000. Blackhawk Capital Partners LLC raised its stake in First Trust WCM Developing World Equity ETF by 7.2% during the 1st quarter. Blackhawk Capital Partners LLC now owns 22,420 shares of the company’s stock worth $376,000 after acquiring an additional 1,503 shares during the period. NewEdge Advisors LLC bought a new stake in First Trust WCM Developing World Equity ETF during the 1st quarter worth approximately $482,000. Finally, Maridea Wealth Management LLC lifted its holdings in First Trust WCM Developing World Equity ETF by 95.1% during the first quarter. Maridea Wealth Management LLC now owns 70,734 shares of the company’s stock valued at $1,188,000 after purchasing an additional 34,488 shares in the last quarter.

First Trust WCM Developing World Equity ETF Company Profile

(Get Free Report)

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.

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