First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Sees Large Growth in Short Interest

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 15,079 shares, a growth of 71.0% from the January 15th total of 8,817 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily volume of 8,790 shares, the short-interest ratio is currently 1.7 days. Based on an average daily volume of 8,790 shares, the short-interest ratio is currently 1.7 days. Approximately 1.3% of the company’s shares are sold short.

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

Institutional investors have recently added to or reduced their stakes in the company. Stonehaven Wealth & Tax Solutions LLC bought a new position in shares of First Trust WCM Developing World Equity ETF in the 2nd quarter worth approximately $198,000. HBW Advisory Services LLC bought a new position in First Trust WCM Developing World Equity ETF in the third quarter worth $317,000. Blackhawk Capital Partners LLC bought a new position in First Trust WCM Developing World Equity ETF in the third quarter worth $318,000. Boyce & Associates Wealth Consulting Inc. purchased a new position in First Trust WCM Developing World Equity ETF during the third quarter valued at $340,000. Finally, GPS Wealth Strategies Group LLC bought a new stake in shares of First Trust WCM Developing World Equity ETF during the 3rd quarter valued at $366,000.

First Trust WCM Developing World Equity ETF Price Performance

Shares of WCME stock opened at $18.50 on Monday. The business has a 50-day moving average of $17.93 and a 200 day moving average of $17.24. First Trust WCM Developing World Equity ETF has a 1-year low of $12.08 and a 1-year high of $19.30. The stock has a market capitalization of $21.83 million, a PE ratio of 19.05 and a beta of 1.55.

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.