Short Interest in First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Declines By 86.8%

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 714 shares, a drop of 86.8% from the June 30th total of 5,405 shares. Based on an average daily volume of 14,728 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers acquired a new stake in First Trust WCM Developing World Equity ETF in the second quarter worth $413,000. Jane Street Group LLC boosted its position in shares of First Trust WCM Developing World Equity ETF by 31.1% during the 2nd quarter. Jane Street Group LLC now owns 25,629 shares of the company’s stock worth $404,000 after purchasing an additional 6,073 shares in the last quarter. Daymark Wealth Partners LLC bought a new position in shares of First Trust WCM Developing World Equity ETF during the 4th quarter worth about $1,002,000. Boyce & Associates Wealth Consulting Inc. grew its stake in shares of First Trust WCM Developing World Equity ETF by 4.3% in the 4th quarter. Boyce & Associates Wealth Consulting Inc. now owns 20,616 shares of the company’s stock valued at $355,000 after buying an additional 843 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in First Trust WCM Developing World Equity ETF by 15.2% in the 4th quarter. Concurrent Investment Advisors LLC now owns 86,065 shares of the company’s stock valued at $1,482,000 after buying an additional 11,334 shares in the last quarter.

First Trust WCM Developing World Equity ETF Trading Down 1.1%

WCME stock traded down $0.21 during mid-day trading on Monday, reaching $18.10. The company’s stock had a trading volume of 900 shares, compared to its average volume of 17,932. First Trust WCM Developing World Equity ETF has a 12 month low of $15.44 and a 12 month high of $20.29. The business’s 50 day moving average price is $19.25 and its 200 day moving average price is $18.55. The company has a market cap of $34.93 million, a price-to-earnings ratio of 19.05 and a beta of 0.90.

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.