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

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 3,600 shares, a growth of 620.0% from the January 15th total of 500 shares. Based on an average trading volume of 66,300 shares, the short-interest ratio is presently 0.1 days.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of FEMB stock opened at $26.74 on Thursday. The business’s 50-day moving average price is $26.47 and its 200-day moving average price is $27.43. First Trust Emerging Markets Local Currency Bond ETF has a 12 month low of $25.60 and a 12 month high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd were given a $0.1325 dividend. This represents a $1.59 annualized dividend and a yield of 5.95%. The ex-dividend date was Wednesday, January 22nd.

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

Large investors have recently modified their holdings of the business. Iams Wealth Management LLC grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 5.9% in the third quarter. Iams Wealth Management LLC now owns 9,710 shares of the company’s stock worth $281,000 after purchasing an additional 541 shares during the last quarter. FSB Premier Wealth Management Inc. raised its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 16.6% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 10,791 shares of the company’s stock worth $280,000 after acquiring an additional 1,536 shares during the last quarter. KKM Financial LLC lifted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 33.3% in the third quarter. KKM Financial LLC now owns 11,713 shares of the company’s stock worth $339,000 after acquiring an additional 2,928 shares during the period. Spire Wealth Management boosted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 111.2% in the fourth quarter. Spire Wealth Management now owns 11,965 shares of the company’s stock valued at $311,000 after acquiring an additional 6,299 shares during the last quarter. Finally, Synergy Asset Management LLC increased its position in First Trust Emerging Markets Local Currency Bond ETF by 133.2% during the 4th quarter. Synergy Asset Management LLC now owns 22,427 shares of the company’s stock valued at $614,000 after purchasing an additional 12,809 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.