First Trust WCM Developing World Equity ETF (NYSEARCA:WCME – Get Free Report) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 11,484 shares, a drop of 58.7% from the May 31st total of 27,797 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily volume of 7,657 shares, the short-interest ratio is currently 1.5 days.
First Trust WCM Developing World Equity ETF Stock Up 0.4%
NYSEARCA:WCME traded up $0.08 during trading hours on Monday, reaching $19.34. 12,755 shares of the stock were exchanged, compared to its average volume of 18,660. First Trust WCM Developing World Equity ETF has a twelve month low of $15.44 and a twelve month high of $20.29. The business has a 50-day moving average of $19.21 and a two-hundred day moving average of $18.28. The company has a market capitalization of $33.46 million, a price-to-earnings ratio of 19.05 and a beta of 0.90.
Hedge Funds Weigh In On First Trust WCM Developing World Equity ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of WCME. NewEdge Advisors LLC purchased a new stake in First Trust WCM Developing World Equity ETF during the first quarter worth about $482,000. Cetera Investment Advisers lifted its holdings in First Trust WCM Developing World Equity ETF by 19.3% during the 1st quarter. Cetera Investment Advisers now owns 79,831 shares of the company’s stock worth $1,341,000 after buying an additional 12,926 shares in the last quarter. Blackhawk Capital Partners LLC boosted its position in First Trust WCM Developing World Equity ETF by 7.2% in the 1st quarter. Blackhawk Capital Partners LLC now owns 22,420 shares of the company’s stock valued at $376,000 after buying an additional 1,503 shares during the period. HBW Advisory Services LLC acquired a new position in shares of First Trust WCM Developing World Equity ETF in the first quarter worth $375,000. Finally, Kestra Advisory Services LLC increased its position in shares of First Trust WCM Developing World Equity ETF by 22.0% during the first quarter. Kestra Advisory Services LLC now owns 121,181 shares of the company’s stock worth $2,035,000 after acquiring an additional 21,825 shares during the period.
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.
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