First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Down 58.2% in February

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 39,972 shares, a decline of 58.2% from the January 29th total of 95,708 shares. Based on an average daily volume of 186,404 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 186,404 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of FEMB stock traded up $0.03 during trading hours on Friday, hitting $30.83. 73,279 shares of the company’s stock were exchanged, compared to its average volume of 187,505. The stock’s 50-day moving average is $30.29 and its 200-day moving average is $29.70. 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 disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a $0.15 dividend. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, February 20th. This is a boost from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.14.

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

Hedge funds have recently modified their holdings of the stock. Csenge Advisory Group acquired a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter worth approximately $1,728,000. Assetmark Inc. boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 4,293.6% in the second quarter. Assetmark Inc. now owns 22,759 shares of the company’s stock valued at $657,000 after acquiring an additional 22,241 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in First Trust Emerging Markets Local Currency Bond ETF by 242.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 109,196 shares of the company’s stock worth $3,154,000 after acquiring an additional 77,349 shares during the period. Walkner Condon Financial Advisors LLC grew its holdings in First Trust Emerging Markets Local Currency Bond ETF by 9.5% during the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 43,439 shares of the company’s stock worth $1,255,000 after acquiring an additional 3,762 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 1,318.2% during the 2nd 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.

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.