First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totalling 11,000 shares, a decrease of 11.3% from the July 31st total of 12,400 shares. Based on an average daily trading volume, of 81,800 shares, the short-interest ratio is currently 0.1 days.
First Trust Emerging Markets Local Currency Bond ETF Stock Performance
NASDAQ FEMB traded down $0.12 during trading on Friday, hitting $28.19. 31,451 shares of the company’s stock traded hands, compared to its average volume of 64,609. The stock has a fifty day moving average of $27.78 and a two-hundred day moving average of $27.87. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $25.91 and a 12-month high of $30.11.
First Trust Emerging Markets Local Currency Bond ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.1325 per share. This represents a $1.59 annualized dividend and a dividend yield of 5.64%. This is an increase from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, August 21st.
Hedge Funds Weigh In On First Trust Emerging Markets Local Currency Bond ETF
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.
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