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) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 8,200 shares, a growth of 141.2% from the February 28th total of 3,400 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 56,300 shares, the short-interest ratio is currently 0.1 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.6 %

FEMB traded down $0.16 during midday trading on Friday, reaching $26.78. 13,763 shares of the company’s stock were exchanged, compared to its average volume of 63,010. First Trust Emerging Markets Local Currency Bond ETF has a one year low of $25.60 and a one year high of $29.35. The business has a 50-day simple moving average of $26.92 and a two-hundred day simple moving average of $27.20.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a dividend of $0.1425 per share. This represents a $1.71 dividend on an annualized basis and a dividend yield of 6.39%. This is an increase from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date is Thursday, March 27th.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Euro Pacific Asset Management LLC boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 0.9% in the 4th quarter. Euro Pacific Asset Management LLC now owns 117,473 shares of the company’s stock worth $3,086,000 after purchasing an additional 1,041 shares during the period. FSB Premier Wealth Management Inc. boosted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 16.6% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 10,791 shares of the company’s stock worth $280,000 after acquiring an additional 1,536 shares during the period. KKM Financial LLC increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 16.0% during the 4th quarter. KKM Financial LLC now owns 13,582 shares of the company’s stock worth $353,000 after acquiring an additional 1,869 shares during the last quarter. NewEdge Advisors LLC raised its stake in First Trust Emerging Markets Local Currency Bond ETF by 4.7% in the 4th quarter. NewEdge Advisors LLC now owns 42,420 shares of the company’s stock valued at $1,102,000 after acquiring an additional 1,904 shares during the period. Finally, EWG Elevate Inc. lifted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 4.9% during the 4th quarter. EWG Elevate Inc. now owns 62,272 shares of the company’s stock valued at $1,618,000 after purchasing an additional 2,931 shares during 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.