First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Up 122.5% in January

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 95,708 shares, a growth of 122.5% from the January 15th total of 43,013 shares. Based on an average daily volume of 177,799 shares, the short-interest ratio is presently 0.5 days. Currently, 0.8% of the company’s shares are sold short. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 177,799 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FEMB. Redhawk Wealth Advisors Inc. purchased a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter valued at about $10,172,000. Seascape Capital Management acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter valued at approximately $6,815,000. LPL Financial LLC raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 21.4% during the fourth quarter. LPL Financial LLC now owns 1,181,923 shares of the company’s stock valued at $35,221,000 after purchasing an additional 207,987 shares during the period. Csenge Advisory Group lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 303.6% during the fourth quarter. Csenge Advisory Group now owns 237,751 shares of the company’s stock worth $7,085,000 after purchasing an additional 178,850 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 399.2% during the second quarter. First Trust Advisors LP now owns 217,192 shares of the company’s stock worth $6,273,000 after purchasing an additional 173,687 shares in the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of NASDAQ:FEMB traded up $0.03 during trading on Thursday, reaching $30.81. The stock had a trading volume of 181,141 shares, compared to its average volume of 194,481. The business has a fifty day moving average price of $30.04 and a 200-day moving average price of $29.55. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $25.66 and a fifty-two week high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were paid a $0.1425 dividend. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Wednesday, January 21st.

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