First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Down 47.0% in January

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 43,013 shares, a decline of 47.0% from the December 31st total of 81,098 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 209,292 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 209,292 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the shares of the stock are short sold.

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

A number of institutional investors have recently modified their holdings of FEMB. Raleigh Capital Management Inc. boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 80.2% in the second quarter. Raleigh Capital Management Inc. now owns 1,054 shares of the company’s stock valued at $30,000 after buying an additional 469 shares in the last quarter. Capital Investment Advisory Services LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 372.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 1,641 shares of the company’s stock worth $49,000 after acquiring an additional 1,294 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 187.2% in the 4th quarter. Private Trust Co. NA now owns 2,045 shares of the company’s stock valued at $61,000 after purchasing an additional 1,333 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the 3rd quarter valued at approximately $73,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the 2nd quarter valued at approximately $121,000.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of First Trust Emerging Markets Local Currency Bond ETF stock traded down $0.31 on Friday, reaching $30.43. 406,520 shares of the stock were exchanged, compared to its average volume of 194,471. The firm’s 50 day moving average is $29.85 and its 200-day moving average is $29.43. First Trust Emerging Markets Local Currency Bond ETF has a one year low of $25.66 and a one year high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st will be issued a $0.1425 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, January 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.