First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Update

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 95,708 shares, a growth of 122.5% from the January 15th total of 43,013 shares. Based on an average daily trading volume, of 177,799 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.8% of the company’s shares are short sold. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 177,799 shares, the days-to-cover ratio is currently 0.5 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in FEMB. Intesa Sanpaolo Wealth Management acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter valued at $45,000. Capital Investment Advisory Services LLC lifted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 372.9% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,641 shares of the company’s stock worth $49,000 after acquiring an additional 1,294 shares in the last quarter. Private Trust Co. NA grew its stake in First Trust Emerging Markets Local Currency Bond ETF by 187.2% in the fourth quarter. Private Trust Co. NA now owns 2,045 shares of the company’s stock valued at $61,000 after acquiring an additional 1,333 shares during the period. Bank of America Corp DE bought a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the third quarter worth about $73,000. Finally, Bank of Montreal Can bought a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter worth about $75,000.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of First Trust Emerging Markets Local Currency Bond ETF stock traded up $0.07 during trading on Friday, hitting $30.88. 132,483 shares of the company were exchanged, compared to its average volume of 192,413. The firm’s fifty day moving average price is $30.06 and its 200 day moving average price is $29.57. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $25.66 and a 1-year high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a dividend of $0.1425 per share. The ex-dividend date was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 5.5%.

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. FEMB was launched on Nov 4, 2014 and is managed by First Trust.