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

First Trust WCM Developing World Equity ETF (NYSEARCA:WCME) saw a large growth in short interest in 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. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 8,790 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 8,790 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. WESPAC Advisors SoCal LLC purchased a new stake in First Trust WCM Developing World Equity ETF in the 2nd quarter valued at $1,069,000. Cetera Investment Advisers bought a new stake in shares of First Trust WCM Developing World Equity ETF in the 2nd quarter worth $413,000. Stonehaven Wealth & Tax Solutions LLC purchased a new stake in shares of First Trust WCM Developing World Equity ETF in the second quarter valued at about $198,000. Jane Street Group LLC lifted its position 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 purchasing an additional 6,073 shares in the last quarter. Finally, HBW Advisory Services LLC bought a new position in shares of First Trust WCM Developing World Equity ETF during the third quarter valued at about $317,000.

First Trust WCM Developing World Equity ETF Price Performance

Shares of NYSEARCA WCME opened at $18.50 on Friday. First Trust WCM Developing World Equity ETF has a 1 year low of $12.08 and a 1 year 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 company has a 50-day moving average price of $17.93 and a 200-day moving average price of $17.22.

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.