First Trust WCM Developing World Equity ETF (NYSEARCA:WCME – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 14,984 shares, a growth of 411.4% from the September 15th total of 2,930 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 7,439 shares, the days-to-cover ratio is presently 2.0 days.
First Trust WCM Developing World Equity ETF Stock Performance
NYSEARCA:WCME traded up $0.24 during trading on Friday, reaching $19.42. The company’s stock had a trading volume of 4,371 shares, compared to its average volume of 15,603. The firm has a 50 day moving average of $19.10 and a 200-day moving average of $18.86. First Trust WCM Developing World Equity ETF has a 12 month low of $16.17 and a 12 month high of $20.29. The firm has a market cap of $40.39 million, a price-to-earnings ratio of 19.05 and a beta of 0.93.
Hedge Funds Weigh In On First Trust WCM Developing World Equity ETF
Several institutional investors and hedge funds have recently made changes to their positions in WCME. Veracity Capital LLC grew its position in First Trust WCM Developing World Equity ETF by 5.3% during the 3rd quarter. Veracity Capital LLC now owns 573,361 shares of the company’s stock worth $10,933,000 after acquiring an additional 28,805 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of First Trust WCM Developing World Equity ETF by 1,160.6% in the second quarter. Envestnet Asset Management Inc. now owns 525,137 shares of the company’s stock worth $10,304,000 after purchasing an additional 483,479 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of First Trust WCM Developing World Equity ETF by 2.1% in the second quarter. NewEdge Advisors LLC now owns 29,300 shares of the company’s stock worth $575,000 after buying an additional 600 shares during the period. Cetera Investment Advisers increased its stake in shares of First Trust WCM Developing World Equity ETF by 19.3% in the first 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 during the period. Finally, Blackhawk Capital Partners LLC raised its holdings in First Trust WCM Developing World Equity ETF by 7.2% during 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 last quarter.
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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