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) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 4,600 shares, a growth of 53.3% from the November 30th total of 3,000 shares. Based on an average trading volume of 62,000 shares, the short-interest ratio is currently 0.1 days.

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

Shares of NASDAQ FEMB opened at $26.27 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a 52 week low of $26.01 and a 52 week high of $30.11. The business’s 50 day moving average price is $27.01 and its 200 day moving average price is $27.65.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.1325 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.59 dividend on an annualized basis and a dividend yield of 6.05%.

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

A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 2nd quarter worth about $360,000. Commonwealth Equity Services LLC raised its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 0.6% during the second quarter. Commonwealth Equity Services LLC now owns 74,099 shares of the company’s stock valued at $2,013,000 after acquiring an additional 474 shares during the last quarter. Belpointe Asset Management LLC lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 48.6% in the second quarter. Belpointe Asset Management LLC now owns 52,489 shares of the company’s stock valued at $1,426,000 after acquiring an additional 17,171 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 6.5% in the second quarter. Private Advisor Group LLC now owns 43,593 shares of the company’s stock worth $1,184,000 after acquiring an additional 2,657 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 24.1% during the second quarter. Envestnet Asset Management Inc. now owns 533,138 shares of the company’s stock worth $14,485,000 after purchasing an additional 103,436 shares in 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.