Short Interest in First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Expands By 71.0%

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 15,079 shares, a growth of 71.0% from the January 15th total of 8,817 shares. Based on an average daily volume of 8,790 shares, the short-interest ratio is currently 1.7 days. Currently, 1.3% of the shares of the company are short sold. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 8,790 shares, the short-interest ratio is currently 1.7 days.

First Trust WCM Developing World Equity ETF Price Performance

Shares of NYSEARCA:WCME traded down $0.09 on Friday, reaching $18.50. The company’s stock had a trading volume of 10,351 shares, compared to its average volume of 13,178. First Trust WCM Developing World Equity ETF has a 52-week low of $12.08 and a 52-week high of $19.30. The stock has a market capitalization of $21.83 million, a P/E ratio of 19.05 and a beta of 1.55. The stock’s 50-day moving average is $17.93 and its two-hundred day moving average is $17.23.

Hedge Funds Weigh In On First Trust WCM Developing World Equity ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stonehaven Wealth & Tax Solutions LLC acquired a new stake in shares of First Trust WCM Developing World Equity ETF in the 2nd quarter valued at approximately $198,000. HBW Advisory Services LLC purchased a new position in First Trust WCM Developing World Equity ETF in the third quarter worth $317,000. Blackhawk Capital Partners LLC acquired a new stake in First Trust WCM Developing World Equity ETF in the third quarter valued at $318,000. Boyce & Associates Wealth Consulting Inc. acquired a new stake in First Trust WCM Developing World Equity ETF in the third quarter valued at $340,000. Finally, GPS Wealth Strategies Group LLC purchased a new stake in shares of First Trust WCM Developing World Equity ETF during the 3rd quarter worth $366,000.

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.