Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Declines By 80.5%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 7,498 shares, a drop of 80.5% from the June 15th total of 38,494 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 95,101 shares, the days-to-cover ratio is currently 0.1 days.

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

Shares of NASDAQ FEMB traded down $0.12 during trading on Monday, hitting $29.44. 69,986 shares of the company traded hands, compared to its average volume of 132,303. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $28.18 and a 1 year high of $31.55. The company has a 50-day moving average price of $29.33 and a 200-day moving average price of $29.71.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.165 dividend. The ex-dividend date was Thursday, June 25th. This represents a c) dividend on an annualized basis and a yield of 6.7%.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Merkkuri Wealth Advisors LLC purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 1st quarter worth about $40,000. Sound Income Strategies LLC grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 341.6% during the 1st quarter. Sound Income Strategies LLC now owns 1,519 shares of the company’s stock worth $44,000 after purchasing an additional 1,175 shares during the period. Intesa Sanpaolo Wealth Management purchased a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter worth about $45,000. Capital Investment Advisory Services LLC increased its position in First Trust Emerging Markets Local Currency Bond ETF by 372.9% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,641 shares of the company’s stock worth $49,000 after purchasing an additional 1,294 shares in the last quarter. Finally, Private Trust Co. NA increased its position in First Trust Emerging Markets Local Currency Bond ETF by 187.2% during the 4th quarter. Private Trust Co. NA now owns 2,045 shares of the company’s stock worth $61,000 after purchasing an additional 1,333 shares in the last quarter.

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.