Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Decreases By 80.5%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 7,498 shares, a drop of 80.5% from the June 15th total of 38,494 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 95,101 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Merkkuri Wealth Advisors LLC purchased a new position in First Trust Emerging Markets Local Currency Bond ETF in the 1st quarter worth approximately $40,000. Sound Income Strategies LLC raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 341.6% in the first quarter. Sound Income Strategies LLC now owns 1,519 shares of the company’s stock valued at $44,000 after acquiring an additional 1,175 shares during the period. Intesa Sanpaolo Wealth Management purchased a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter worth approximately $45,000. Capital Investment Advisory Services LLC increased its stake in First Trust Emerging Markets Local Currency Bond ETF by 372.9% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,641 shares of the company’s stock worth $49,000 after buying an additional 1,294 shares during the period. Finally, Private Trust Co. NA lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 187.2% in the 4th quarter. Private Trust Co. NA now owns 2,045 shares of the company’s stock worth $61,000 after buying an additional 1,333 shares during the period.

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

First Trust Emerging Markets Local Currency Bond ETF stock traded down $0.12 during trading hours on Monday, hitting $29.44. The stock had a trading volume of 69,986 shares, compared to its average volume of 132,303. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $28.18 and a 12-month high of $31.55. The stock’s 50-day moving average price is $29.33 and its 200-day moving average price is $29.71.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.165 per share. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Thursday, June 25th.

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.