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

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 5,405 shares, a decrease of 52.9% from the June 15th total of 11,484 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 9,113 shares, the days-to-cover ratio is presently 0.6 days.

First Trust WCM Developing World Equity ETF Stock Performance

NYSEARCA WCME traded down $0.41 during trading on Thursday, reaching $18.71. 3,294 shares of the company’s stock were exchanged, compared to its average volume of 18,166. The company has a 50 day moving average price of $19.35 and a two-hundred day moving average price of $18.48. The stock has a market cap of $35.17 million, a P/E ratio of 19.05 and a beta of 0.90. First Trust WCM Developing World Equity ETF has a 1 year low of $15.44 and a 1 year high of $20.29.

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

Institutional investors have recently added to or reduced their stakes in the business. Maridea Wealth Management LLC purchased a new position in First Trust WCM Developing World Equity ETF in the fourth quarter valued at approximately $624,000. Daymark Wealth Partners LLC purchased a new stake in shares of First Trust WCM Developing World Equity ETF during the 4th quarter worth approximately $1,002,000. WESPAC Advisors SoCal LLC lifted its position in shares of First Trust WCM Developing World Equity ETF by 21.9% during the 4th quarter. WESPAC Advisors SoCal LLC now owns 101,194 shares of the company’s stock worth $1,743,000 after buying an additional 18,155 shares during the last quarter. NewEdge Advisors LLC acquired a new position in shares of First Trust WCM Developing World Equity ETF in the 1st quarter valued at $482,000. Finally, Cetera Investment Advisers boosted 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 buying an additional 12,926 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.