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

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 141,901 shares, an increase of 250.4% from the August 15th total of 40,501 shares. Based on an average daily trading volume, of 59,320 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.2% of the company’s shares are short sold.

First Trust Emerging Markets Local Currency Bond ETF Stock Up 0.3%

NASDAQ:FEMB traded up $0.08 during trading hours on Friday, hitting $29.60. The stock had a trading volume of 142,386 shares, compared to its average volume of 118,669. First Trust Emerging Markets Local Currency Bond ETF has a one year low of $28.30 and a one year high of $31.55. The business’s 50 day moving average is $29.51 and its 200-day moving average is $29.48.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were issued a dividend of $0.185 per share. The ex-dividend date was Friday, August 21st. This represents a c) annualized dividend and a yield of 7.5%.

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

A number of institutional investors and hedge funds have recently modified their holdings of FEMB. RFG Advisory LLC bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the second quarter valued at about $323,000. BAM Wealth Management LLC increased its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 42.2% in the 2nd quarter. BAM Wealth Management LLC now owns 16,169 shares of the company’s stock valued at $472,000 after purchasing an additional 4,799 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in First Trust Emerging Markets Local Currency Bond ETF by 66.3% during the second quarter. Concurrent Investment Advisors LLC now owns 451,677 shares of the company’s stock worth $13,198,000 after acquiring an additional 180,123 shares in the last quarter. InTrack Investment Management Inc boosted its position in First Trust Emerging Markets Local Currency Bond ETF by 139.5% in the second quarter. InTrack Investment Management Inc now owns 17,561 shares of the company’s stock valued at $513,000 after buying an additional 10,228 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 19.4% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 39,799 shares of the company’s stock valued at $1,163,000 after acquiring an additional 6,476 shares in the last quarter.

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.