First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Up 90.3% in July

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 42,935 shares, an increase of 90.3% from the July 15th total of 22,561 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 90,838 shares, the short-interest ratio is currently 0.5 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of FEMB opened at $29.58 on Tuesday. First Trust Emerging Markets Local Currency Bond ETF has a twelve month low of $28.30 and a twelve month high of $31.55. The firm’s 50-day moving average is $29.40 and its two-hundred day moving average is $29.60.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 6.7%.

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC raised its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 21.4% in the 4th quarter. LPL Financial LLC now owns 1,181,923 shares of the company’s stock worth $35,221,000 after buying an additional 207,987 shares during the period. Csenge Advisory Group increased its position in First Trust Emerging Markets Local Currency Bond ETF by 303.6% during the 4th 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 in the last quarter. First Trust Advisors LP lifted its position in First Trust Emerging Markets Local Currency Bond ETF by 399.2% during the second quarter. First Trust Advisors LP now owns 217,192 shares of the company’s stock valued at $6,273,000 after buying an additional 173,687 shares in the last quarter. Royal Bank of Canada grew its stake in First Trust Emerging Markets Local Currency Bond ETF by 143.2% during the fourth quarter. Royal Bank of Canada now owns 178,868 shares of the company’s stock worth $5,330,000 after buying an additional 105,308 shares during the period. Finally, Endowment Wealth Management Inc. purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter valued at $1,934,000.

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