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 large drop in short interest in 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. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 5,260 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its stake in First Trust WCM Developing World Equity ETF by 1,160.6% in the second quarter. Envestnet Asset Management Inc. now owns 525,137 shares of the company’s stock valued at $10,304,000 after purchasing an additional 483,479 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of First Trust WCM Developing World Equity ETF by 2.1% in the second quarter. NewEdge Advisors LLC now owns 29,300 shares of the company’s stock worth $575,000 after acquiring an additional 600 shares during the last quarter. Cetera Investment Advisers grew its holdings in First Trust WCM Developing World Equity ETF by 19.3% in the first 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 period. Blackhawk Capital Partners LLC increased its position in First Trust WCM Developing World Equity ETF by 7.2% during the first quarter. Blackhawk Capital Partners LLC now owns 22,420 shares of the company’s stock worth $376,000 after purchasing an additional 1,503 shares during the last quarter. Finally, HBW Advisory Services LLC purchased a new position in First Trust WCM Developing World Equity ETF during the first quarter worth approximately $375,000.

First Trust WCM Developing World Equity ETF Price Performance

NYSEARCA:WCME traded up $0.23 on Friday, reaching $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 12-month low of $16.17 and a 12-month high of $20.29. The company has a market cap of $38.39 million, a price-to-earnings ratio of 19.05 and a beta of 0.94. The firm’s fifty day moving average is $18.90 and its two-hundred day moving average is $18.69.

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.