First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Sees Significant Increase in Short Interest

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 81,098 shares, an increase of 35.2% from the December 15th total of 59,989 shares. Based on an average daily trading volume, of 79,495 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.8% of the company’s stock are sold short. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 79,495 shares, the days-to-cover ratio is currently 1.0 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.3%

Shares of FEMB stock traded down $0.08 during trading hours on Monday, reaching $29.99. 92,646 shares of the stock were exchanged, compared to its average volume of 199,359. The business’s fifty day moving average is $29.71 and its two-hundred day moving average is $29.34. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $25.66 and a 12-month high of $30.13.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.1425 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Friday, December 12th.

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

A number of institutional investors and hedge funds have recently modified their holdings of FEMB. KKM Financial LLC increased its holdings in First Trust Emerging Markets Local Currency Bond ETF by 3.9% in the third quarter. KKM Financial LLC now owns 11,687 shares of the company’s stock valued at $343,000 after buying an additional 440 shares during the last quarter. Raleigh Capital Management Inc. boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 80.2% during the 2nd quarter. Raleigh Capital Management Inc. now owns 1,054 shares of the company’s stock worth $30,000 after acquiring an additional 469 shares in the last quarter. Benjamin Edwards Inc. boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 7.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 9,304 shares of the company’s stock worth $273,000 after acquiring an additional 662 shares in the last quarter. Spire Wealth Management increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 6.6% in the 2nd quarter. Spire Wealth Management now owns 12,749 shares of the company’s stock valued at $368,000 after acquiring an additional 788 shares during the last quarter. Finally, Walkner Condon Financial Advisors LLC increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 3.0% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 44,748 shares of the company’s stock valued at $1,313,000 after acquiring an additional 1,309 shares during the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Company Profile

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.