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

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 3,000 shares, a drop of 80.5% from the November 15th total of 15,400 shares. Based on an average daily trading volume, of 60,700 shares, the days-to-cover ratio is currently 0.0 days.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

FEMB stock traded up $0.02 during trading on Wednesday, reaching $27.11. 24,339 shares of the stock traded hands, compared to its average volume of 62,939. The business’s 50 day moving average price is $27.42 and its 200-day moving average price is $27.74. First Trust Emerging Markets Local Currency Bond ETF has a 52-week low of $26.62 and a 52-week high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Thursday, November 21st were given a dividend of $0.1325 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $1.59 dividend on an annualized basis and a yield of 5.86%.

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

Institutional investors have recently bought and sold shares of the business. Comerica Bank boosted its position in First Trust Emerging Markets Local Currency Bond ETF by 12.7% during the 1st quarter. Comerica Bank now owns 7,203 shares of the company’s stock worth $203,000 after purchasing an additional 809 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the second quarter worth about $731,000. Concourse Financial Group Securities Inc. grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 12.1% in the second quarter. Concourse Financial Group Securities Inc. now owns 8,827 shares of the company’s stock valued at $240,000 after buying an additional 954 shares in the last quarter. Private Advisory Group LLC raised its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 16.1% during the 2nd quarter. Private Advisory Group LLC now owns 104,300 shares of the company’s stock valued at $2,834,000 after buying an additional 14,450 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in First Trust Emerging Markets Local Currency Bond ETF during the 2nd quarter worth approximately $360,000.

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.