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

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 8,200 shares, a growth of 141.2% from the February 28th total of 3,400 shares. Based on an average daily trading volume, of 56,300 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Emerging Markets Local Currency Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. D.A. Davidson & CO. bought a new position in First Trust Emerging Markets Local Currency Bond ETF in the 3rd quarter worth about $813,000. Flow Traders U.S. LLC lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 501.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 60,160 shares of the company’s stock valued at $1,743,000 after acquiring an additional 50,160 shares during the last quarter. EWG Elevate Inc. boosted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 4.9% during the 4th quarter. EWG Elevate Inc. now owns 62,272 shares of the company’s stock worth $1,618,000 after acquiring an additional 2,931 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 7.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 137,130 shares of the company’s stock worth $3,563,000 after purchasing an additional 9,650 shares during the period. Finally, Euro Pacific Asset Management LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 0.9% during the fourth quarter. Euro Pacific Asset Management LLC now owns 117,473 shares of the company’s stock valued at $3,086,000 after purchasing an additional 1,041 shares during the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.5 %

Shares of FEMB stock opened at $26.94 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $25.60 and a 1 year high of $29.35. The stock has a fifty day moving average price of $26.91 and a 200 day moving average price of $27.21.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.1425 per share. This represents a $1.71 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date is Thursday, March 27th. This is a boost from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13.

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.