First Trust WCM Developing World Equity ETF (NYSEARCA:WCME – Get Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 18,993 shares, an increase of 399.9% from the July 30th total of 3,799 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 13,477 shares, the short-interest ratio is presently 1.4 days.
First Trust WCM Developing World Equity ETF Trading Down 0.2%
Shares of WCME stock traded down $0.04 on Wednesday, hitting $19.25. 810 shares of the stock were exchanged, compared to its average volume of 16,742. The firm has a market capitalization of $37.15 million, a P/E ratio of 19.05 and a beta of 0.94. First Trust WCM Developing World Equity ETF has a fifty-two week low of $16.01 and a fifty-two week high of $20.29. The business has a 50-day moving average of $19.00 and a 200 day moving average of $18.59.
Hedge Funds Weigh In On First Trust WCM Developing World Equity ETF
Large investors have recently bought and sold shares of the company. Maridea Wealth Management LLC lifted its position in shares of First Trust WCM Developing World Equity ETF by 95.1% in the first quarter. Maridea Wealth Management LLC now owns 70,734 shares of the company’s stock worth $1,188,000 after purchasing an additional 34,488 shares in the last quarter. NewEdge Advisors LLC bought a new position in First Trust WCM Developing World Equity ETF in the first quarter valued at $482,000. Topsail Wealth Management LLC grew its position in First Trust WCM Developing World Equity ETF by 2,366.7% in the first quarter. Topsail Wealth Management LLC now owns 3,700 shares of the company’s stock valued at $62,000 after purchasing an additional 3,550 shares in the last quarter. Blackhawk Capital Partners LLC increased its stake in First Trust WCM Developing World Equity ETF by 12.8% in the 4th quarter. Blackhawk Capital Partners LLC now owns 20,917 shares of the company’s stock valued at $360,000 after buying an additional 2,381 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake 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 during the last quarter.
About First Trust WCM Developing World Equity ETF
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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