First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Down 47.0% in January

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 43,013 shares, a drop of 47.0% from the December 31st total of 81,098 shares. Based on an average daily trading volume, of 209,292 shares, the short-interest ratio is currently 0.2 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 209,292 shares, the short-interest ratio is currently 0.2 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 1.0%

Shares of NASDAQ:FEMB traded down $0.31 during trading on Friday, hitting $30.43. 406,520 shares of the company were exchanged, compared to its average volume of 194,471. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $25.66 and a 1-year high of $31.55. The business’s 50 day moving average is $29.85 and its 200-day moving average is $29.43.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st will be given a $0.1425 dividend. The ex-dividend date is Wednesday, January 21st. This represents a c) annualized dividend and a yield of 5.6%.

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raleigh Capital Management Inc. increased its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 80.2% in the second quarter. Raleigh Capital Management Inc. now owns 1,054 shares of the company’s stock valued at $30,000 after buying an additional 469 shares during the period. Capital Investment Advisory Services LLC boosted 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 buying an additional 1,294 shares during the period. Private Trust Co. NA boosted 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 buying an additional 1,333 shares during the period. Bank of America Corp DE bought a new stake in First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter worth approximately $73,000. Finally, Ameritas Advisory Services LLC acquired a new position in First Trust Emerging Markets Local Currency Bond ETF in the 2nd quarter valued at approximately $121,000.

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.