Short Interest in First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Drops By 18.7%

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the target of a large drop in short interest in March. As of March 31st, there was short interest totaling 9,296 shares, a drop of 18.7% from the March 15th total of 11,440 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 20,820 shares, the days-to-cover ratio is currently 0.4 days.

First Trust WCM Developing World Equity ETF Price Performance

NYSEARCA WCME traded down $0.10 during midday trading on Thursday, hitting $18.36. 106 shares of the company traded hands, compared to its average volume of 25,861. The company has a market cap of $31.76 million, a PE ratio of 19.05 and a beta of 0.79. The company’s 50-day simple moving average is $17.74 and its 200-day simple moving average is $17.59. First Trust WCM Developing World Equity ETF has a 52 week low of $13.14 and a 52 week high of $19.30.

Institutional Trading of First Trust WCM Developing World Equity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of WCME. Kestra Advisory Services LLC bought a new stake in First Trust WCM Developing World Equity ETF during the 4th quarter valued at $1,711,000. Daymark Wealth Partners LLC bought a new stake in First Trust WCM Developing World Equity ETF during the 4th quarter valued at $1,002,000. Maridea Wealth Management LLC bought a new stake in First Trust WCM Developing World Equity ETF during the 4th quarter valued at $624,000. Cetera Investment Advisers bought a new stake in First Trust WCM Developing World Equity ETF during the 2nd quarter valued at $413,000. Finally, Wagner Wealth Management Corp bought a new stake in First Trust WCM Developing World Equity ETF during the 4th quarter valued at $446,000.

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.