First Trust WCM Developing World Equity ETF (NYSEARCA:WCME – Get Free Report) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 5,405 shares, a drop of 52.9% from the June 15th total of 11,484 shares. Based on an average daily volume of 9,113 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are short sold.
Institutional Investors Weigh In On First Trust WCM Developing World Equity ETF
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC raised its stake in First Trust WCM Developing World Equity ETF by 22.0% during the 1st 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. WESPAC Advisors SoCal LLC raised its stake in First Trust WCM Developing World Equity ETF by 21.9% during the fourth quarter. WESPAC Advisors SoCal LLC now owns 101,194 shares of the company’s stock valued at $1,743,000 after purchasing an additional 18,155 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of 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 acquiring an additional 11,334 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of First Trust WCM Developing World Equity ETF by 19.3% in the 1st quarter. Cetera Investment Advisers now owns 79,831 shares of the company’s stock valued at $1,341,000 after purchasing an additional 12,926 shares during the last quarter. Finally, Maridea Wealth Management LLC lifted its position in 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 buying an additional 34,488 shares during the last quarter.
First Trust WCM Developing World Equity ETF Trading Down 3.7%
NYSEARCA:WCME opened at $18.83 on Tuesday. First Trust WCM Developing World Equity ETF has a 12 month low of $15.44 and a 12 month high of $20.29. The company has a market cap of $35.40 million, a PE ratio of 19.05 and a beta of 0.90. The company has a 50 day simple moving average of $19.37 and a two-hundred day simple moving average of $18.46.
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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