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) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 13,636 shares, a decline 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 currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

NASDAQ FEMB traded up $0.11 during mid-day trading on Friday, hitting $28.85. The stock had a trading volume of 73,719 shares, compared to its average volume of 118,635. First Trust Emerging Markets Local Currency Bond ETF has a 52-week low of $28.13 and a 52-week high of $31.55. The company has a 50 day simple moving average of $29.31 and a 200 day simple moving average of $29.33.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

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

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 14.3% in the second quarter. Envestnet Asset Management Inc. now owns 240,435 shares of the company’s stock worth $7,026,000 after acquiring an additional 30,002 shares in the last quarter. RFG Advisory LLC bought a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the 2nd quarter valued at about $323,000. BAM Wealth Management LLC grew its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 42.2% during 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 raised its stake in First Trust Emerging Markets Local Currency Bond ETF by 66.3% during the second quarter. Concurrent Investment Advisors LLC now owns 451,677 shares of the company’s stock worth $13,198,000 after acquiring an additional 180,123 shares during the period. Finally, InTrack Investment Management Inc raised its stake in 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 worth $513,000 after acquiring an additional 10,228 shares during the period.

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.