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 target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 7,587 shares, a decrease of 65.3% from the February 26th total of 21,845 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 178,256 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 178,256 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s shares are short sold.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.9%

First Trust Emerging Markets Local Currency Bond ETF stock opened at $28.84 on Wednesday. The company has a 50 day moving average price of $30.17 and a 200-day moving average price of $29.77. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $25.66 and a fifty-two week high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a dividend of $0.15 per share. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date was Friday, February 20th. This is an increase from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.14.

Institutional Investors Weigh In On First Trust Emerging Markets Local Currency Bond ETF

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

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.