Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Expands By 36.0%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,400 shares, an increase of 36.0% from the February 13th total of 2,500 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 58,300 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of NASDAQ:FEMB traded up $0.15 during midday trading on Monday, reaching $27.48. 7,162 shares of the company traded hands, compared to its average volume of 62,778. First Trust Emerging Markets Local Currency Bond ETF has a 12 month low of $25.60 and a 12 month high of $30.11. The firm’s fifty day moving average price is $26.71 and its two-hundred day moving average price is $27.26.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.1325 per share. The ex-dividend date was Friday, February 21st. This represents a $1.59 dividend on an annualized basis and a dividend yield of 5.79%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FEMB. FSB Premier Wealth Management Inc. grew its position in 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. GTS Securities LLC purchased a new position in First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter worth about $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 worth $311,000 after buying an additional 6,299 shares in the last quarter. KKM Financial LLC grew its position in First Trust Emerging Markets Local Currency Bond ETF by 33.3% during the third quarter. KKM Financial LLC now owns 11,713 shares of the company’s stock worth $339,000 after buying an additional 2,928 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter worth about $342,000.

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.