First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Stock Short Interest Report for October

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 30,550 shares, an increase of 103.9% from the September 30th total of 14,984 shares. Based on an average daily trading volume, of 16,729 shares, the short-interest ratio is currently 1.8 days. Currently, 1.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WCME. HBW Advisory Services LLC acquired a new position in First Trust WCM Developing World Equity ETF during the first quarter worth $375,000. Blackhawk Capital Partners LLC lifted its stake in First Trust WCM Developing World Equity ETF by 7.2% in the first quarter. Blackhawk Capital Partners LLC now owns 22,420 shares of the company’s stock valued at $376,000 after acquiring an additional 1,503 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in First Trust WCM Developing World Equity ETF in the first quarter valued at $482,000. Sowell Financial Services LLC bought a new position in shares of First Trust WCM Developing World Equity ETF in the 3rd quarter valued at about $1,473,000. Finally, Cetera Investment Advisers grew its position 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 acquiring an additional 12,926 shares during the period.

First Trust WCM Developing World Equity ETF Stock Down 2.2%

Shares of NYSEARCA:WCME traded down $0.39 during midday trading on Friday, reaching $17.48. The company had a trading volume of 5,537 shares, compared to its average volume of 14,971. First Trust WCM Developing World Equity ETF has a 1-year low of $16.17 and a 1-year high of $20.29. The stock has a market cap of $36.36 million, a PE ratio of 19.05 and a beta of 0.93. The business’s 50 day moving average price is $18.88 and its 200 day moving average price is $18.65.

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.