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 large increase in short interest in the month of September. As of September 30th, there was short interest totalling 24,800 shares, an increase of 978.3% from the September 15th total of 2,300 shares. Based on an average daily volume of 65,500 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of First Trust Emerging Markets Local Currency Bond ETF stock traded up $0.02 during trading on Friday, reaching $28.21. The company’s stock had a trading volume of 35,732 shares, compared to its average volume of 63,891. The company has a 50-day moving average price of $28.45 and a two-hundred day moving average price of $27.90. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $26.37 and a fifty-two week high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.1325 dividend. This represents a $1.59 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date was Thursday, September 26th.

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

Several institutional investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. acquired a new position in First Trust Emerging Markets Local Currency Bond ETF during the first quarter worth about $120,000. Comerica Bank increased its holdings in First Trust Emerging Markets Local Currency Bond ETF by 12.7% during the 1st quarter. Comerica Bank now owns 7,203 shares of the company’s stock valued at $203,000 after acquiring an additional 809 shares in the last quarter. Concourse Financial Group Securities Inc. raised its position in First Trust Emerging Markets Local Currency Bond ETF by 38.8% during the first quarter. Concourse Financial Group Securities Inc. now owns 7,873 shares of the company’s stock worth $222,000 after acquiring an additional 2,201 shares during the last quarter. Iams Wealth Management LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 5.9% in the third quarter. Iams Wealth Management LLC now owns 9,710 shares of the company’s stock valued at $281,000 after purchasing an additional 541 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the second quarter valued at approximately $270,000.

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.