Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Declines By 11.3%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) 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

Institutional investors have recently bought and sold shares of the stock. Principal Securities Inc. bought a new position in First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at approximately $33,000. Wells Fargo & Company MN increased its position in First Trust Emerging Markets Local Currency Bond ETF by 6.3% during the 4th quarter. Wells Fargo & Company MN now owns 497,149 shares of the company’s stock valued at $14,482,000 after buying an additional 29,524 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in First Trust Emerging Markets Local Currency Bond ETF by 38.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 90,184 shares of the company’s stock valued at $2,540,000 after buying an additional 25,234 shares in the last quarter. EWG Elevate Inc. increased its position in First Trust Emerging Markets Local Currency Bond ETF by 6.1% during the 1st quarter. EWG Elevate Inc. now owns 54,782 shares of the company’s stock valued at $1,543,000 after buying an additional 3,139 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in First Trust Emerging Markets Local Currency Bond ETF by 7.5% during the 2nd quarter. Harbour Investments Inc. now owns 64,287 shares of the company’s stock valued at $1,747,000 after buying an additional 4,509 shares in 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.