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 target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 4,600 shares, a growth of 53.3% from the November 30th total of 3,000 shares. Based on an average trading volume of 62,000 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

First Trust Emerging Markets Local Currency Bond ETF stock opened at $26.27 on Friday. The firm has a 50 day simple moving average of $27.01 and a 200-day simple moving average of $27.65. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $26.01 and a 1-year high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.1325 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.59 annualized dividend and a yield of 6.05%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FEMB. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 24.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 533,138 shares of the company’s stock worth $14,485,000 after acquiring an additional 103,436 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the third quarter worth $3,172,000. Commonwealth Equity Services LLC grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 0.6% in the second quarter. Commonwealth Equity Services LLC now owns 74,099 shares of the company’s stock valued at $2,013,000 after buying an additional 474 shares in the last quarter. Flow Traders U.S. LLC grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 501.6% in the third quarter. Flow Traders U.S. LLC now owns 60,160 shares of the company’s stock valued at $1,743,000 after buying an additional 50,160 shares in the last quarter. Finally, EWG Elevate Inc. raised its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 1.0% in the 3rd quarter. EWG Elevate Inc. now owns 59,341 shares of the company’s stock valued at $1,720,000 after buying an additional 599 shares during the period.

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.