First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Down 35.0% in December

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 59,989 shares, a drop of 35.0% from the November 30th total of 92,329 shares. Based on an average daily trading volume, of 60,025 shares, the short-interest ratio is presently 1.0 days. Currently, 0.7% of the company’s stock are sold short. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 60,025 shares, the short-interest ratio is presently 1.0 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

FEMB traded down $0.09 during midday trading on Monday, reaching $29.77. 71,915 shares of the company were exchanged, compared to its average volume of 64,969. First Trust Emerging Markets Local Currency Bond ETF has a one year low of $25.60 and a one year high of $30.00. The company’s fifty day moving average price is $29.55 and its 200 day moving average price is $29.20.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a dividend of $0.1425 per share. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Friday, December 12th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. bought a new stake in First Trust Emerging Markets Local Currency Bond ETF in the 3rd quarter worth about $10,172,000. First Trust Advisors LP boosted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 3.3% in the 3rd quarter. First Trust Advisors LP now owns 224,467 shares of the company’s stock worth $6,586,000 after buying an additional 7,275 shares during the last quarter. Almanack Investment Partners LLC. grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 4.3% in the third quarter. Almanack Investment Partners LLC. now owns 174,330 shares of the company’s stock valued at $5,115,000 after acquiring an additional 7,262 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 1,318.2% during the second quarter. Osaic Holdings Inc. now owns 137,952 shares of the company’s stock valued at $3,984,000 after acquiring an additional 128,225 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new stake in First Trust Emerging Markets Local Currency Bond ETF during the third quarter worth $3,872,000.

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. FEMB was launched on Nov 4, 2014 and is managed by First Trust.