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

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 1,100 shares, a decline of 76.1% from the December 31st total of 4,600 shares. Based on an average daily volume of 80,800 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Emerging Markets Local Currency Bond ETF Trading Up 0.2 %

Shares of FEMB traded up $0.04 during midday trading on Wednesday, hitting $26.67. 23,922 shares of the company traded hands, compared to its average volume of 50,335. First Trust Emerging Markets Local Currency Bond ETF has a one year low of $25.60 and a one year high of $30.11. The stock has a 50-day moving average of $26.54 and a 200-day moving average of $27.49.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a $0.1325 dividend. This represents a $1.59 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend is Wednesday, January 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Concurrent Investment Advisors LLC bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 3rd quarter worth $3,172,000. CWM LLC grew its position in First Trust Emerging Markets Local Currency Bond ETF by 26,208.4% in the third quarter. CWM LLC now owns 56,300 shares of the company’s stock worth $1,632,000 after acquiring an additional 56,086 shares in the last quarter. Flow Traders U.S. LLC increased its stake in 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 acquiring an additional 50,160 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF during the third quarter valued at about $813,000. Finally, TAP Consulting LLC bought a new stake in First Trust Emerging Markets Local Currency Bond ETF during the third quarter worth about $533,000.

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.