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 drop in short interest in December. As of December 15th, there was short interest totaling 59,989 shares, a drop of 35.0% from the November 30th total of 92,329 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 60,025 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 60,025 shares, the short-interest ratio is currently 1.0 days. Approximately 0.7% of the company’s stock are short sold.

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. Raleigh Capital Management Inc. lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 80.2% in the 2nd quarter. Raleigh Capital Management Inc. now owns 1,054 shares of the company’s stock worth $30,000 after buying an additional 469 shares during the last quarter. Bank of America Corp DE acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF during the third quarter worth about $73,000. Ameritas Advisory Services LLC bought a new position in First Trust Emerging Markets Local Currency Bond ETF in the second quarter worth about $121,000. AE Wealth Management LLC lifted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 1,680.5% in the second quarter. AE Wealth Management LLC now owns 4,932 shares of the company’s stock worth $142,000 after acquiring an additional 4,655 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in First Trust Emerging Markets Local Currency Bond ETF in the third quarter valued at approximately $204,000.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

FEMB stock traded up $0.09 during trading on Tuesday, reaching $29.81. The stock had a trading volume of 31,306 shares, compared to its average volume of 65,218. The firm has a fifty day moving average price of $29.55 and a 200 day moving average price of $29.21. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $25.66 and a 1-year high of $30.00.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a $0.1425 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 5.7%.

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. FEMB was launched on Nov 4, 2014 and is managed by First Trust.