First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Sees Significant Decline in Short Interest

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 11,484 shares, a decrease of 58.7% from the May 31st total of 27,797 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily volume of 7,657 shares, the short-interest ratio is presently 1.5 days.

First Trust WCM Developing World Equity ETF Stock Performance

WCME stock opened at $19.62 on Wednesday. First Trust WCM Developing World Equity ETF has a one year low of $15.44 and a one year high of $20.29. The company has a market capitalization of $33.94 million, a PE ratio of 19.05 and a beta of 0.90. The company’s 50 day moving average price is $19.25 and its two-hundred day moving average price is $18.31.

Institutional Investors Weigh In On First Trust WCM Developing World Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Topsail Wealth Management LLC increased its stake in First Trust WCM Developing World Equity ETF by 2,366.7% in the 1st quarter. Topsail Wealth Management LLC now owns 3,700 shares of the company’s stock worth $62,000 after purchasing an additional 3,550 shares during the period. Boyce & Associates Wealth Consulting Inc. raised its holdings in First Trust WCM Developing World Equity ETF by 4.3% during the 4th quarter. Boyce & Associates Wealth Consulting Inc. now owns 20,616 shares of the company’s stock valued at $355,000 after buying an additional 843 shares during the last quarter. Blackhawk Capital Partners LLC boosted its position in First Trust WCM Developing World Equity ETF by 12.8% during 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 period. Stonehaven Wealth & Tax Solutions LLC grew its holdings in First Trust WCM Developing World Equity ETF by 72.6% in the 3rd quarter. Stonehaven Wealth & Tax Solutions LLC now owns 21,748 shares of the company’s stock worth $373,000 after acquiring an additional 9,151 shares during the last quarter. Finally, HBW Advisory Services LLC bought a new position in shares of First Trust WCM Developing World Equity ETF during the first quarter valued at about $375,000.

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.