First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Update

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 2,500 shares, a drop of 30.6% from the January 31st total of 3,600 shares. Based on an average daily trading volume, of 60,300 shares, the short-interest ratio is presently 0.0 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of FEMB stock traded up $0.07 on Wednesday, reaching $26.97. The company had a trading volume of 4,706 shares, compared to its average volume of 62,989. The company has a 50-day moving average of $26.55 and a 200-day moving average of $27.33. First Trust Emerging Markets Local Currency Bond ETF has a 12 month low of $25.60 and a 12 month high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a $0.1325 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.59 dividend on an annualized basis and a dividend yield of 5.89%.

Institutional Investors Weigh In On First Trust Emerging Markets Local Currency Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FEMB. FSB Premier Wealth Management Inc. grew its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 16.6% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 10,791 shares of the company’s stock valued at $280,000 after acquiring an additional 1,536 shares during the period. GTS Securities LLC acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at $291,000. Spire Wealth Management increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 111.2% in the fourth quarter. Spire Wealth Management now owns 11,965 shares of the company’s stock valued at $311,000 after purchasing an additional 6,299 shares during the last quarter. KKM Financial LLC raised its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 33.3% in the third quarter. KKM Financial LLC now owns 11,713 shares of the company’s stock valued at $339,000 after purchasing an additional 2,928 shares during the period. Finally, Benjamin Edwards Inc. bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter valued at about $342,000.

First Trust Emerging Markets Local Currency Bond ETF Company Profile

The First Trust Emerging Markets Local Currency Bond ETF (FEMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in a broad range of bonds issued by emerging-market sovereign, sub-sovereign and quasi-sovereign entities, denominated in local currencies.