First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Update

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 28,888 shares, an increase of 67.3% from the April 30th total of 17,264 shares. Based on an average trading volume of 58,682 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 17.0% during the 1st quarter. NewEdge Advisors LLC now owns 86,185 shares of the company’s stock worth $2,477,000 after buying an additional 12,520 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 1st quarter worth $286,000. Royal Bank of Canada raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 7.3% during the 1st quarter. Royal Bank of Canada now owns 191,970 shares of the company’s stock worth $5,517,000 after buying an additional 13,102 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 20.1% during the 1st quarter. Cetera Investment Advisers now owns 109,529 shares of the company’s stock worth $3,148,000 after buying an additional 18,304 shares during the last quarter. Finally, First Trust Advisors LP raised its stake 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 buying an additional 63,498 shares during the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

First Trust Emerging Markets Local Currency Bond ETF stock opened at $29.21 on Thursday. First Trust Emerging Markets Local Currency Bond ETF has a one year low of $27.99 and a one year high of $31.55. The business has a fifty day moving average of $29.37 and a two-hundred day moving average of $29.75.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were paid a dividend of $0.165 per share. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Thursday, May 21st.

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.