First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Stock Short Interest Rises 473.3%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 52,178 shares, an increase of 473.3% from the October 15th total of 9,102 shares. Based on an average daily volume of 84,062 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the company’s shares are sold short.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.4%

Shares of FEMB traded down $0.11 during trading hours on Wednesday, hitting $28.19. 15,282 shares of the stock were exchanged, compared to its average volume of 115,726. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $27.68 and a fifty-two week high of $31.55. The business has a 50-day moving average of $28.80 and a 200-day moving average of $29.42.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $2.40 annualized dividend and a yield of 8.5%.

Institutional Investors Weigh In On First Trust Emerging Markets Local Currency Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 18.3% during the third quarter. Private Advisor Group LLC now owns 12,629 shares of the company’s stock valued at $360,000 after purchasing an additional 1,954 shares during the period. Stonebridge Financial Planning Group LLC acquired a new position in First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter worth approximately $266,000. Private Advisory Group LLC raised its stake in First Trust Emerging Markets Local Currency Bond ETF by 710.3% during the 3rd quarter. Private Advisory Group LLC now owns 154,446 shares of the company’s stock worth $4,399,000 after buying an additional 135,385 shares during the period. Euro Pacific Asset Management LLC raised its stake in First Trust Emerging Markets Local Currency Bond ETF by 1.1% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 110,247 shares of the company’s stock worth $3,140,000 after buying an additional 1,193 shares during the period. Finally, Endowment Wealth Management Inc. grew its stake in First Trust Emerging Markets Local Currency Bond ETF by 17.3% in the third quarter. Endowment Wealth Management Inc. now owns 95,203 shares of the company’s stock valued at $2,711,000 after acquiring an additional 14,034 shares during the period.

About First Trust Emerging Markets Local Currency Bond ETF

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.