First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Shares Shorted: Short Interest Down 86.7% in September

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 13,636 shares, a decrease of 86.7% from the September 15th total of 102,375 shares. Based on an average daily volume of 81,589 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

A number of hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in First Trust Emerging Markets Local Currency Bond ETF by 14.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 240,435 shares of the company’s stock valued at $7,026,000 after purchasing an additional 30,002 shares in the last quarter. RFG Advisory LLC acquired a new position in First Trust Emerging Markets Local Currency Bond ETF in the 2nd quarter worth $323,000. BAM Wealth Management LLC boosted its position in 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 buying an additional 4,799 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in First Trust Emerging Markets Local Currency Bond ETF by 66.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 451,677 shares of the company’s stock valued at $13,198,000 after buying an additional 180,123 shares during the last quarter. Finally, InTrack Investment Management Inc grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 139.5% during the second quarter. InTrack Investment Management Inc now owns 17,561 shares of the company’s stock valued at $513,000 after acquiring an additional 10,228 shares in the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Up 0.4%

Shares of NASDAQ FEMB opened at $28.85 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $28.13 and a 1-year high of $31.55. The business has a 50-day moving average of $29.31 and a 200-day moving average of $29.33.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.20 dividend. The ex-dividend date was Thursday, September 24th. This represents a $2.40 dividend on an annualized basis and a yield of 8.3%. This is a boost from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.1850.

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.