First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Sees Significant Growth in Short Interest

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 14,200 shares, a growth of 73.2% from the March 15th total of 8,200 shares. Based on an average daily volume of 40,500 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company’s stock are sold short.

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

A number of institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC bought a new position in First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter valued at $275,000. FSB Premier Wealth Management Inc. lifted its position 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 worth $280,000 after buying an additional 1,536 shares during the last quarter. GTS Securities LLC bought a new position in First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter valued at approximately $291,000. Spire Wealth Management grew its position in First Trust Emerging Markets Local Currency Bond ETF by 111.2% during the fourth quarter. Spire Wealth Management now owns 11,965 shares of the company’s stock valued at $311,000 after acquiring an additional 6,299 shares during the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter worth approximately $342,000.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of FEMB traded up $0.03 on Friday, hitting $27.20. The company’s stock had a trading volume of 30,470 shares, compared to its average volume of 63,338. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $25.60 and a fifty-two week high of $29.35. The firm’s fifty day moving average price is $26.96 and its 200-day moving average price is $26.98.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.1425 per share. The ex-dividend date was Thursday, March 27th. This is a positive change from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13. This represents a $1.71 annualized dividend and a yield of 6.29%.

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.