Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Rises By 36.0%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 3,400 shares, an increase of 36.0% from the February 13th total of 2,500 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 58,300 shares, the days-to-cover ratio is currently 0.1 days.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. FSB Premier Wealth Management Inc. raised its holdings in First Trust Emerging Markets Local Currency Bond ETF by 16.6% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 10,791 shares of the company’s stock valued at $280,000 after buying an additional 1,536 shares in the last quarter. GTS Securities LLC acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at about $291,000. Spire Wealth Management increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 111.2% during the 4th quarter. Spire Wealth Management now owns 11,965 shares of the company’s stock valued at $311,000 after acquiring an additional 6,299 shares during the last quarter. KKM Financial LLC raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 33.3% in 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 in the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter worth approximately $342,000.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

NASDAQ FEMB traded up $0.11 during trading on Friday, reaching $27.33. The company’s stock had a trading volume of 19,496 shares, compared to its average volume of 63,001. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $25.60 and a 1-year high of $30.11. The business has a 50-day moving average price of $26.71 and a 200-day moving average price of $27.27.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were issued a dividend of $0.1325 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.59 dividend on an annualized basis and a dividend yield of 5.82%.

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.