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 growth in short interest in the month of January. As of January 31st, there was short interest totalling 3,600 shares, a growth of 620.0% from the January 15th total of 500 shares. Based on an average trading volume of 66,300 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.6 %

Shares of FEMB traded down $0.17 on Wednesday, reaching $26.51. The stock had a trading volume of 7,348 shares, compared to its average volume of 45,416. The company has a 50-day simple moving average of $26.47 and a 200-day simple moving average of $27.43. 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 declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were paid a $0.1325 dividend. The ex-dividend date was Wednesday, January 22nd. This represents a $1.59 annualized dividend and a dividend yield of 6.00%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 26,208.4% during the third quarter. CWM LLC now owns 56,300 shares of the company’s stock valued at $1,632,000 after buying an additional 56,086 shares during the last quarter. Iams Wealth Management LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 5.9% in the 3rd quarter. Iams Wealth Management LLC now owns 9,710 shares of the company’s stock valued at $281,000 after acquiring an additional 541 shares during the last quarter. Private Advisor Group LLC lifted its stake in First Trust Emerging Markets Local Currency Bond ETF by 8.6% in the third quarter. Private Advisor Group LLC now owns 47,338 shares of the company’s stock worth $1,372,000 after purchasing an additional 3,745 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter valued at about $3,172,000. Finally, Walkner Condon Financial Advisors LLC increased its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 6.3% during the third quarter. Walkner Condon Financial Advisors LLC now owns 41,455 shares of the company’s stock valued at $1,201,000 after buying an additional 2,446 shares during the period.

About First Trust Emerging Markets Local Currency Bond ETF

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.