Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Expands By 53.3%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 4,600 shares, a growth of 53.3% from the November 30th total of 3,000 shares. Based on an average daily trading volume, of 62,000 shares, the short-interest ratio is presently 0.1 days.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

NASDAQ:FEMB opened at $26.27 on Monday. The business’s 50-day simple moving average is $27.01 and its two-hundred day simple moving average is $27.65. First Trust Emerging Markets Local Currency Bond ETF has a 52 week low of $26.01 and a 52 week high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.1325 per share. This represents a $1.59 annualized dividend and a yield of 6.05%. The ex-dividend date of this dividend is Friday, December 13th.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF during the second quarter valued at $360,000. Commonwealth Equity Services LLC increased its position in First Trust Emerging Markets Local Currency Bond ETF by 0.6% during the second quarter. Commonwealth Equity Services LLC now owns 74,099 shares of the company’s stock valued at $2,013,000 after acquiring an additional 474 shares during the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 48.6% in the 2nd quarter. Belpointe Asset Management LLC now owns 52,489 shares of the company’s stock worth $1,426,000 after acquiring an additional 17,171 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 6.5% during the 2nd quarter. Private Advisor Group LLC now owns 43,593 shares of the company’s stock worth $1,184,000 after purchasing an additional 2,657 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 24.1% during the second quarter. Envestnet Asset Management Inc. now owns 533,138 shares of the company’s stock valued at $14,485,000 after buying an additional 103,436 shares during the period.

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.