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

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMBGet Free Report) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 43,013 shares, a drop of 47.0% from the December 31st total of 81,098 shares. Based on an average trading volume of 209,292 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 209,292 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 1.0%

Shares of NASDAQ:FEMB traded down $0.31 during trading on Friday, hitting $30.43. 406,520 shares of the company were exchanged, compared to its average volume of 194,471. First Trust Emerging Markets Local Currency Bond ETF has a 52-week low of $25.66 and a 52-week high of $31.55. The stock has a 50 day moving average of $29.85 and a 200 day moving average of $29.44.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. KKM Financial LLC boosted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 3.9% in the third quarter. KKM Financial LLC now owns 11,687 shares of the company’s stock worth $343,000 after buying an additional 440 shares during the last quarter. Raleigh Capital Management Inc. raised its position in First Trust Emerging Markets Local Currency Bond ETF by 80.2% in the second quarter. Raleigh Capital Management Inc. now owns 1,054 shares of the company’s stock worth $30,000 after acquiring an additional 469 shares during the period. Benjamin Edwards Inc. lifted its position in First Trust Emerging Markets Local Currency Bond ETF by 7.7% during the third quarter. Benjamin Edwards Inc. now owns 9,304 shares of the company’s stock valued at $273,000 after purchasing an additional 662 shares in the last quarter. Spire Wealth Management grew its holdings in First Trust Emerging Markets Local Currency Bond ETF by 6.6% during the second quarter. Spire Wealth Management now owns 12,749 shares of the company’s stock valued at $368,000 after purchasing an additional 788 shares during the period. Finally, D.A. Davidson & CO. increased its position in First Trust Emerging Markets Local Currency Bond ETF by 3.0% in the fourth quarter. D.A. Davidson & CO. now owns 36,725 shares of the company’s stock worth $1,094,000 after buying an additional 1,080 shares in the last quarter.

About First Trust Emerging Markets Local Currency Bond ETF

(Get Free Report)

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.

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