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 increase in short interest during the month of August. As of August 31st, there was short interest totaling 141,901 shares, an increase of 250.4% from the August 15th total of 40,501 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average trading volume of 59,320 shares, the short-interest ratio is presently 2.4 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Up 0.3%

FEMB stock traded up $0.08 on Friday, hitting $29.60. The company’s stock had a trading volume of 142,386 shares, compared to its average volume of 118,669. The firm has a 50 day moving average of $29.51 and a two-hundred day moving average of $29.48. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $28.30 and a 1 year high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were issued a $0.185 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Friday, August 21st.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP increased its position in First Trust Emerging Markets Local Currency Bond ETF by 399.2% in the 2nd quarter. First Trust Advisors LP now owns 217,192 shares of the company’s stock valued at $6,273,000 after acquiring an additional 173,687 shares during the period. Raymond James Financial Inc. grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 21.8% in the 2nd quarter. Raymond James Financial Inc. now owns 75,538 shares of the company’s stock valued at $2,182,000 after purchasing an additional 13,527 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 2nd quarter valued at approximately $250,000. Bank of America Corp DE acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the third quarter valued at approximately $73,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the third quarter worth approximately $408,000.

About First Trust Emerging Markets Local Currency Bond ETF

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.