First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Short Interest Up 432.1% in July

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,799 shares, a growth of 432.1% from the July 15th total of 714 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 10,661 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust WCM Developing World Equity ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new position in First Trust WCM Developing World Equity ETF in the fourth quarter valued at about $1,711,000. Maridea Wealth Management LLC raised its position in shares of First Trust WCM Developing World Equity ETF by 95.1% in the 1st quarter. Maridea Wealth Management LLC now owns 70,734 shares of the company’s stock valued at $1,188,000 after purchasing an additional 34,488 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of First Trust WCM Developing World Equity ETF during the 1st quarter valued at approximately $482,000. Cetera Investment Advisers acquired a new position in First Trust WCM Developing World Equity ETF during the 2nd quarter worth $413,000. Finally, Wagner Wealth Management Corp acquired a new position in First Trust WCM Developing World Equity ETF in the fourth quarter worth about $446,000.

First Trust WCM Developing World Equity ETF Price Performance

Shares of NYSEARCA WCME remained flat at $18.66 during midday trading on Wednesday. The stock had a trading volume of 3,412 shares, compared to its average volume of 17,625. First Trust WCM Developing World Equity ETF has a fifty-two week low of $15.90 and a fifty-two week high of $20.29. The business has a fifty day moving average of $19.00 and a two-hundred day moving average of $18.57. The company has a market cap of $36.01 million, a P/E ratio of 19.05 and a beta of 0.94.

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.