First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Up 122.5% in January

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 95,708 shares, an increase of 122.5% from the January 15th total of 43,013 shares. Based on an average daily volume of 177,799 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.8% of the company’s stock are short sold. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 177,799 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC lifted its stake in First Trust Emerging Markets Local Currency Bond ETF by 466.6% in the second quarter. Concurrent Investment Advisors LLC now owns 72,667 shares of the company’s stock valued at $2,099,000 after buying an additional 59,842 shares during the last quarter. CWM LLC increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 30,863.4% in the 2nd quarter. CWM LLC now owns 44,897 shares of the company’s stock valued at $1,297,000 after acquiring an additional 44,752 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 2nd quarter valued at $705,000. D.A. Davidson & CO. purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF in the 2nd quarter valued at $943,000. Finally, Envestnet Asset Management Inc. boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 242.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 109,196 shares of the company’s stock worth $3,154,000 after purchasing an additional 77,349 shares during the period.

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

Shares of First Trust Emerging Markets Local Currency Bond ETF stock traded up $0.07 during trading hours on Friday, hitting $30.88. The company had a trading volume of 132,481 shares, compared to its average volume of 191,553. The company’s 50-day moving average is $30.04 and its two-hundred day moving average is $29.55. First Trust Emerging Markets Local Currency Bond ETF has a twelve month low of $25.66 and a twelve month high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were issued a dividend of $0.1425 per share. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) annualized dividend and a dividend yield of 5.5%.

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.