First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Sees Large Decline in Short Interest

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 7,587 shares, a decrease of 65.3% from the February 26th total of 21,845 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 178,256 shares, the short-interest ratio is currently 0.0 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.8%

NASDAQ FEMB traded down $0.24 during trading hours on Thursday, hitting $28.66. The company had a trading volume of 33,343 shares, compared to its average volume of 178,010. First Trust Emerging Markets Local Currency Bond ETF has a 52 week low of $25.66 and a 52 week high of $31.55. The firm has a 50 day simple moving average of $30.15 and a 200 day simple moving average of $29.76.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%.

Hedge Funds Weigh In On First Trust Emerging Markets Local Currency Bond ETF

Several hedge funds have recently bought and sold shares of FEMB. LPL Financial LLC increased its holdings in First Trust Emerging Markets Local Currency Bond ETF by 21.4% during the 4th quarter. LPL Financial LLC now owns 1,181,923 shares of the company’s stock worth $35,221,000 after acquiring an additional 207,987 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in First Trust Emerging Markets Local Currency Bond ETF in the 3rd quarter valued at $10,172,000. First Trust Advisors LP grew its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 14.1% during the 4th quarter. First Trust Advisors LP now owns 256,175 shares of the company’s stock valued at $7,634,000 after purchasing an additional 31,708 shares in the last quarter. Csenge Advisory Group increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 303.6% in the fourth quarter. Csenge Advisory Group now owns 237,751 shares of the company’s stock worth $7,085,000 after purchasing an additional 178,850 shares during the period. Finally, Seascape Capital Management bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter worth $6,815,000.

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