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

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 22,561 shares, an increase of 200.9% from the June 30th total of 7,498 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 137,797 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. LPL Financial LLC increased its stake in First Trust Emerging Markets Local Currency Bond ETF by 21.4% in the 4th quarter. LPL Financial LLC now owns 1,181,923 shares of the company’s stock valued at $35,221,000 after buying an additional 207,987 shares during the last quarter. First Trust Advisors LP lifted its position in First Trust Emerging Markets Local Currency Bond ETF by 24.8% during the 1st quarter. First Trust Advisors LP now owns 319,673 shares of the company’s stock worth $9,186,000 after buying an additional 63,498 shares in the last quarter. Csenge Advisory Group boosted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 303.6% during the 4th quarter. Csenge Advisory Group now owns 237,751 shares of the company’s stock worth $7,085,000 after buying an additional 178,850 shares during the last quarter. Seascape Capital Management boosted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 3.0% during the 1st quarter. Seascape Capital Management now owns 235,617 shares of the company’s stock worth $6,771,000 after buying an additional 6,932 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 7.3% in the 1st quarter. Royal Bank of Canada now owns 191,970 shares of the company’s stock valued at $5,517,000 after acquiring an additional 13,102 shares in the last quarter.

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

NASDAQ FEMB traded up $0.10 during trading on Monday, hitting $29.09. The stock had a trading volume of 93,586 shares, compared to its average volume of 128,814. The company’s 50-day moving average price is $29.29 and its two-hundred day moving average price is $29.67. First Trust Emerging Markets Local Currency Bond ETF has a 12 month low of $28.18 and a 12 month high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be given a $0.165 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Tuesday, July 21st.

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.