Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Drops By 30.6%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 2,500 shares, a decline of 30.6% from the January 31st total of 3,600 shares. Based on an average trading volume of 60,300 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On First Trust Emerging Markets Local Currency Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Euro Pacific Asset Management LLC increased its holdings in First Trust Emerging Markets Local Currency Bond ETF by 0.9% in the 4th quarter. Euro Pacific Asset Management LLC now owns 117,473 shares of the company’s stock worth $3,086,000 after acquiring an additional 1,041 shares in the last quarter. FSB Premier Wealth Management Inc. grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 16.6% during the fourth 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 in the last quarter. KKM Financial LLC grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 16.0% during the fourth quarter. KKM Financial LLC now owns 13,582 shares of the company’s stock worth $353,000 after buying an additional 1,869 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 4.7% during the fourth quarter. NewEdge Advisors LLC now owns 42,420 shares of the company’s stock worth $1,102,000 after buying an additional 1,904 shares in the last quarter. Finally, Prospera Financial Services Inc grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 9.4% during the third quarter. Prospera Financial Services Inc now owns 26,595 shares of the company’s stock worth $771,000 after buying an additional 2,282 shares in the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

NASDAQ FEMB traded up $0.12 on Tuesday, hitting $26.90. The company had a trading volume of 10,807 shares, compared to its average volume of 63,222. The company’s fifty day moving average price is $26.55 and its 200-day moving average price is $27.33. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $25.60 and a 12-month high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.1325 dividend. This represents a $1.59 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend was Friday, February 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.