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

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 17,264 shares, a decrease of 68.9% from the April 15th total of 55,556 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 59,194 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.9%

NASDAQ:FEMB opened at $29.18 on Friday. The stock has a 50-day simple moving average of $29.41 and a 200-day simple moving average of $29.78. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $27.40 and a 1 year high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were issued a $0.165 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Tuesday, April 21st.

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 20.1% in the 1st quarter. Cetera Investment Advisers now owns 109,529 shares of the company’s stock valued at $3,148,000 after purchasing an additional 18,304 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 24.8% in the 1st quarter. First Trust Advisors LP now owns 319,673 shares of the company’s stock valued at $9,186,000 after purchasing an additional 63,498 shares during the last quarter. Balefire LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 8.9% in the 1st quarter. Balefire LLC now owns 13,691 shares of the company’s stock valued at $393,000 after purchasing an additional 1,124 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 13.7% in the 1st quarter. Assetmark Inc. now owns 28,987 shares of the company’s stock valued at $833,000 after purchasing an additional 3,499 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 46.0% in the 1st quarter. Sanctuary Advisors LLC now owns 52,132 shares of the company’s stock valued at $1,498,000 after purchasing an additional 16,432 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.