Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Declines By 65.3%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 7,587 shares, a decline of 65.3% from the February 26th total of 21,845 shares. Based on an average daily volume of 178,256 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 178,256 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Redhawk Wealth Advisors Inc. bought a new stake in First Trust Emerging Markets Local Currency Bond ETF during the third quarter valued at about $10,172,000. Seascape Capital Management bought a new position in First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter worth about $6,815,000. LPL Financial LLC lifted its position 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 buying an additional 207,987 shares during the last quarter. 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 valued at $7,085,000 after buying an additional 178,850 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 399.2% in the 2nd quarter. First Trust Advisors LP now owns 217,192 shares of the company’s stock valued at $6,273,000 after buying an additional 173,687 shares in the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.9%

NASDAQ FEMB opened at $28.84 on Wednesday. The firm’s 50 day moving average price is $30.17 and its 200-day moving average price is $29.77. First Trust Emerging Markets Local Currency Bond ETF has a 52-week low of $25.66 and a 52-week high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a dividend of $0.15 per share. This is an increase from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Friday, February 20th.

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.