First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) Short Interest Up 432.1% in July

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 3,799 shares, an increase of 432.1% from the July 15th total of 714 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 10,661 shares, the short-interest ratio is currently 0.4 days.

First Trust WCM Developing World Equity ETF Stock Performance

Shares of First Trust WCM Developing World Equity ETF stock remained flat at $18.66 during trading on Wednesday. 3,412 shares of the stock traded hands, compared to its average volume of 17,625. First Trust WCM Developing World Equity ETF has a fifty-two week low of $15.90 and a fifty-two week high of $20.29. The stock has a market cap of $36.01 million, a PE ratio of 19.05 and a beta of 0.94. The company has a 50 day moving average of $19.00 and a two-hundred day moving average of $18.57.

Institutional Trading of First Trust WCM Developing World Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in WCME. Topsail Wealth Management LLC raised its stake in shares of 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 buying an additional 3,550 shares in the last quarter. Blackhawk Capital Partners LLC increased its position in shares of First Trust WCM Developing World Equity ETF by 12.8% in the fourth quarter. Blackhawk Capital Partners LLC now owns 20,917 shares of the company’s stock worth $360,000 after acquiring an additional 2,381 shares in the last quarter. HBW Advisory Services LLC purchased a new position in shares of First Trust WCM Developing World Equity ETF in the first quarter worth approximately $375,000. Jane Street Group LLC raised its holdings in shares of First Trust WCM Developing World Equity ETF by 31.1% during the second quarter. Jane Street Group LLC now owns 25,629 shares of the company’s stock valued at $404,000 after acquiring an additional 6,073 shares during the period. Finally, Wagner Wealth Management Corp purchased a new stake in shares of First Trust WCM Developing World Equity ETF in the 4th quarter valued at approximately $446,000.

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.