First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Short Interest Update

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) saw a significant decrease in short interest in March. As of March 31st, there was short interest totaling 9,296 shares, a decrease of 18.7% from the March 15th total of 11,440 shares. Based on an average trading volume of 20,820 shares, the short-interest ratio is presently 0.4 days. Approximately 0.7% of the company’s shares are short sold.

First Trust WCM Developing World Equity ETF Price Performance

NYSEARCA WCME traded up $0.24 during trading hours on Friday, hitting $18.63. The company had a trading volume of 9,330 shares, compared to its average volume of 25,342. The firm’s 50 day moving average is $17.75 and its 200 day moving average is $17.60. First Trust WCM Developing World Equity ETF has a fifty-two week low of $13.22 and a fifty-two week high of $19.30. The company has a market capitalization of $32.23 million, a price-to-earnings ratio of 19.05 and a beta of 0.79.

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

Several hedge funds have recently modified their holdings of WCME. HBW Advisory Services LLC purchased a new position in First Trust WCM Developing World Equity ETF in the 3rd quarter worth approximately $317,000. Blackhawk Capital Partners LLC acquired a new position in shares of First Trust WCM Developing World Equity ETF during the third quarter worth $318,000. Boyce & Associates Wealth Consulting Inc. acquired a new stake in First Trust WCM Developing World Equity ETF during the 3rd quarter valued at $340,000. GPS Wealth Strategies Group LLC purchased a new stake in First Trust WCM Developing World Equity ETF during the 3rd quarter worth $366,000. Finally, Stonehaven Wealth & Tax Solutions LLC lifted its holdings in First Trust WCM Developing World Equity ETF by 72.6% in the 3rd quarter. Stonehaven Wealth & Tax Solutions LLC now owns 21,748 shares of the company’s stock worth $373,000 after buying an additional 9,151 shares in the last quarter.

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.