First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Up 5.1% in July

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 12,400 shares, an increase of 5.1% from the July 15th total of 11,800 shares. Based on an average daily trading volume, of 67,800 shares, the short-interest ratio is presently 0.2 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 0.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 74,099 shares of the company’s stock valued at $2,013,000 after purchasing an additional 474 shares during the last quarter. Comerica Bank grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 12.7% during the first quarter. Comerica Bank now owns 7,203 shares of the company’s stock valued at $203,000 after buying an additional 809 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 4.7% in the fourth quarter. D.A. Davidson & CO. now owns 19,134 shares of the company’s stock worth $557,000 after buying an additional 855 shares during the period. Concourse Financial Group Securities Inc. lifted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 12.1% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 8,827 shares of the company’s stock valued at $240,000 after acquiring an additional 954 shares during the last quarter. Finally, Principal Securities Inc. purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at about $33,000.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of NASDAQ FEMB traded down $0.07 during mid-day trading on Tuesday, reaching $28.54. 14,420 shares of the company were exchanged, compared to its average volume of 63,864. First Trust Emerging Markets Local Currency Bond ETF has a 52 week low of $25.91 and a 52 week high of $30.11. The company’s 50 day moving average price is $27.55 and its 200 day moving average price is $27.86.

First Trust Emerging Markets Local Currency Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd were paid a dividend of $0.132 per share. This represents a $1.58 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend was Tuesday, July 23rd.

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.