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

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 22,561 shares, a growth of 200.9% from the June 30th total of 7,498 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 137,797 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FEMB. Seascape Capital Management bought a new position in First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter valued at approximately $6,815,000. Endowment Wealth Management Inc. acquired a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter worth $1,934,000. Iams Wealth Management LLC bought a new stake in First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter valued at $2,085,000. Csenge Advisory Group boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 303.6% in the 4th quarter. Csenge Advisory Group now owns 237,751 shares of the company’s stock worth $7,085,000 after purchasing an additional 178,850 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter worth $1,064,000.

First Trust Emerging Markets Local Currency Bond ETF Trading Up 0.3%

NASDAQ FEMB traded up $0.10 during trading hours on Monday, hitting $29.09. The company’s stock had a trading volume of 93,586 shares, compared to its average volume of 128,814. The stock has a fifty day moving average of $29.29 and a 200 day moving average of $29.67. First Trust Emerging Markets Local Currency Bond ETF has a twelve month low of $28.18 and a twelve month high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 6.8%.

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.