First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Sees Significant Growth in Short Interest

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 81,098 shares, an increase of 35.2% from the December 15th total of 59,989 shares. Based on an average daily trading volume, of 79,495 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.8% of the company’s stock are sold short. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 79,495 shares, the days-to-cover ratio is currently 1.0 days.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of First Trust Emerging Markets Local Currency Bond ETF stock traded down $0.08 during trading on Friday, hitting $29.99. 92,646 shares of the stock were exchanged, compared to its average volume of 199,359. The firm’s 50-day moving average price is $29.71 and its 200 day moving average price is $29.34. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $25.66 and a 12-month high of $30.13.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.1425 per share. The ex-dividend date was Friday, December 12th. This represents a c) annualized dividend and a yield of 5.7%.

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

Several institutional investors 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 in the 3rd quarter worth $1,728,000. Walkner Condon Financial Advisors LLC raised its stake in First Trust Emerging Markets Local Currency Bond ETF by 9.5% in the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 43,439 shares of the company’s stock valued at $1,255,000 after purchasing an additional 3,762 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 242.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 109,196 shares of the company’s stock valued at $3,154,000 after purchasing an additional 77,349 shares in the last quarter. Assetmark Inc. boosted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 4,293.6% during the 2nd quarter. Assetmark Inc. now owns 22,759 shares of the company’s stock worth $657,000 after purchasing an additional 22,241 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the second quarter valued at approximately $943,000.

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.