First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Up 620.0% in January

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 3,600 shares, an increase 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 Trading Down 0.6 %

First Trust Emerging Markets Local Currency Bond ETF stock traded down $0.17 during mid-day trading on Wednesday, reaching $26.51. 7,348 shares of the company traded hands, compared to its average volume of 45,416. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $25.60 and a fifty-two week high of $30.11. The firm’s fifty day moving average is $26.47 and its two-hundred day moving average is $27.43.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were paid a $0.1325 dividend. This represents a $1.59 annualized dividend and a dividend yield of 6.00%. The ex-dividend date of this dividend was Wednesday, January 22nd.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Iams Wealth Management LLC grew its holdings 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 valued at $281,000 after purchasing an additional 541 shares during the period. Spire Wealth Management lifted its stake in First Trust Emerging Markets Local Currency Bond ETF by 111.2% during the fourth quarter. Spire Wealth Management now owns 11,965 shares of the company’s stock worth $311,000 after purchasing an additional 6,299 shares in the last quarter. KKM Financial LLC boosted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 33.3% during the 3rd quarter. KKM Financial LLC now owns 11,713 shares of the company’s stock valued at $339,000 after acquiring an additional 2,928 shares during the period. Synergy Asset Management LLC boosted its position in First Trust Emerging Markets Local Currency Bond ETF by 133.2% in the 4th quarter. Synergy Asset Management LLC now owns 22,427 shares of the company’s stock valued at $614,000 after buying an additional 12,809 shares during the period. Finally, Assetmark Inc. grew its stake in First Trust Emerging Markets Local Currency Bond ETF by 28.5% during the 3rd quarter. Assetmark Inc. now owns 25,258 shares of the company’s stock worth $732,000 after purchasing an additional 5,599 shares in the last quarter.

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.