First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Down 76.1% in January

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,100 shares, a decrease of 76.1% from the December 31st total of 4,600 shares. Based on an average trading volume of 80,800 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of NASDAQ:FEMB traded up $0.04 during mid-day trading on Wednesday, hitting $26.67. The company had a trading volume of 23,922 shares, compared to its average volume of 50,335. First Trust Emerging Markets Local Currency Bond ETF has a one year low of $25.60 and a one year high of $30.11. The firm has a fifty day moving average price of $26.54 and a 200 day moving average price of $27.49.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be issued a dividend of $0.1325 per share. The ex-dividend date is Wednesday, January 22nd. This represents a $1.59 annualized dividend and a dividend yield of 5.96%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in FEMB. EWG Elevate Inc. grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 1.0% during the third quarter. EWG Elevate Inc. now owns 59,341 shares of the company’s stock valued at $1,720,000 after buying an additional 599 shares during the last quarter. CWM LLC boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 26,208.4% during the 3rd quarter. CWM LLC now owns 56,300 shares of the company’s stock valued at $1,632,000 after purchasing an additional 56,086 shares during the last quarter. TAP Consulting LLC bought a new stake in First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter worth approximately $533,000. Iams Wealth Management LLC raised its position in First Trust Emerging Markets Local Currency Bond ETF by 5.9% in the 3rd quarter. Iams Wealth Management LLC now owns 9,710 shares of the company’s stock valued at $281,000 after buying an additional 541 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 8.6% during the 3rd quarter. Private Advisor Group LLC now owns 47,338 shares of the company’s stock worth $1,372,000 after acquiring an additional 3,745 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.