First Trust WCM Developing World Equity ETF (NYSEARCA:WCME – Get Free Report) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 2,930 shares, a decrease of 86.1% from the August 31st total of 21,078 shares. Based on an average trading volume of 5,260 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the shares of the company are short sold.
First Trust WCM Developing World Equity ETF Stock Up 1.1%
Shares of First Trust WCM Developing World Equity ETF stock traded up $0.21 during trading hours on Friday, reaching $19.37. 6,924 shares of the stock traded hands, compared to its average volume of 15,415. The company has a 50 day moving average price of $18.92 and a 200 day moving average price of $18.70. The firm has a market capitalization of $38.35 million, a price-to-earnings ratio of 19.05 and a beta of 0.94. First Trust WCM Developing World Equity ETF has a one year low of $16.17 and a one year high of $20.29.
Hedge Funds Weigh In On First Trust WCM Developing World Equity ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its holdings in First Trust WCM Developing World Equity ETF by 1,160.6% during the second quarter. Envestnet Asset Management Inc. now owns 525,137 shares of the company’s stock valued at $10,304,000 after buying an additional 483,479 shares during the last quarter. Maridea Wealth Management LLC boosted its stake in shares of First Trust WCM Developing World Equity ETF by 95.1% during the 1st quarter. Maridea Wealth Management LLC now owns 70,734 shares of the company’s stock worth $1,188,000 after acquiring an additional 34,488 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of First Trust WCM Developing World Equity ETF during the 1st quarter valued at $482,000. HBW Advisory Services LLC bought a new stake in shares of First Trust WCM Developing World Equity ETF during the 1st quarter valued at $375,000. Finally, Kestra Advisory Services LLC increased its stake in shares of First Trust WCM Developing World Equity ETF by 22.0% in the 1st quarter. Kestra Advisory Services LLC now owns 121,181 shares of the company’s stock worth $2,035,000 after purchasing an additional 21,825 shares in 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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