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 significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 3,600 shares, a growth of 620.0% from the January 15th total of 500 shares. Based on an average trading volume of 66,300 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Up 1.0 %

Shares of NASDAQ:FEMB traded up $0.28 during mid-day trading on Friday, hitting $27.01. The stock had a trading volume of 10,533 shares, compared to its average volume of 43,340. The company’s 50 day moving average is $26.47 and its 200-day moving average is $27.42. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $25.60 and a 12-month high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a $0.1325 dividend. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.59 annualized dividend and a dividend yield of 5.89%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter worth about $3,090,000. NewEdge Advisors LLC lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 4.7% in the fourth quarter. NewEdge Advisors LLC now owns 42,420 shares of the company’s stock worth $1,102,000 after purchasing an additional 1,904 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter worth approximately $2,538,000. OLD Mission Capital LLC purchased a new position in First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter valued at approximately $1,804,000. Finally, FSB Premier Wealth Management Inc. increased its stake in First Trust Emerging Markets Local Currency Bond ETF by 16.6% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 10,791 shares of the company’s stock valued at $280,000 after buying an additional 1,536 shares during the period.

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.