First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Shares Shorted: Short Interest Down 86.7% in September

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 13,636 shares, a decline of 86.7% from the September 15th total of 102,375 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 81,589 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Concurrent Investment Advisors LLC raised its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 66.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 451,677 shares of the company’s stock worth $13,198,000 after purchasing an additional 180,123 shares during the period. First Trust Advisors LP grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 24.8% during the 1st quarter. First Trust Advisors LP now owns 319,673 shares of the company’s stock worth $9,186,000 after purchasing an additional 63,498 shares during the period. Envestnet Asset Management Inc. increased its position in First Trust Emerging Markets Local Currency Bond ETF by 14.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 240,435 shares of the company’s stock worth $7,026,000 after purchasing an additional 30,002 shares in the last quarter. Seascape Capital Management raised its holdings in First Trust Emerging Markets Local Currency Bond ETF by 3.0% in the first quarter. Seascape Capital Management now owns 235,617 shares of the company’s stock valued at $6,771,000 after buying an additional 6,932 shares during the period. Finally, Royal Bank of Canada raised its holdings in First Trust Emerging Markets Local Currency Bond ETF by 7.3% in the first quarter. Royal Bank of Canada now owns 191,970 shares of the company’s stock valued at $5,517,000 after buying an additional 13,102 shares during the period.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of First Trust Emerging Markets Local Currency Bond ETF stock opened at $28.85 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $28.13 and a fifty-two week high of $31.55. The business’s fifty day moving average is $29.31 and its two-hundred day moving average is $29.33.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a yield of 8.3%. This is a boost from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.1850. The ex-dividend date was Thursday, September 24th.

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.