First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Up 90.3% in July

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 42,935 shares, a growth of 90.3% from the July 15th total of 22,561 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 90,838 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.2%

First Trust Emerging Markets Local Currency Bond ETF stock traded down $0.05 during mid-day trading on Friday, hitting $29.61. The company’s stock had a trading volume of 41,133 shares, compared to its average volume of 125,992. The stock’s fifty day moving average is $29.38 and its two-hundred day moving average is $29.62. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $28.30 and a 1 year high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were issued a $0.165 dividend. The ex-dividend date was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%.

Hedge Funds Weigh In On First Trust Emerging Markets Local Currency Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its position in First Trust Emerging Markets Local Currency Bond ETF by 21.4% during the fourth quarter. LPL Financial LLC now owns 1,181,923 shares of the company’s stock worth $35,221,000 after buying an additional 207,987 shares during the period. Csenge Advisory Group increased its position in First Trust Emerging Markets Local Currency Bond ETF by 303.6% in the 4th quarter. Csenge Advisory Group now owns 237,751 shares of the company’s stock valued at $7,085,000 after acquiring an additional 178,850 shares during the period. First Trust Advisors LP increased its position in First Trust Emerging Markets Local Currency Bond ETF by 399.2% in the 2nd quarter. First Trust Advisors LP now owns 217,192 shares of the company’s stock valued at $6,273,000 after acquiring an additional 173,687 shares during the period. Royal Bank of Canada raised its stake in First Trust Emerging Markets Local Currency Bond ETF by 143.2% during the 4th quarter. Royal Bank of Canada now owns 178,868 shares of the company’s stock valued at $5,330,000 after acquiring an additional 105,308 shares during the last quarter. Finally, Endowment Wealth Management Inc. purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at approximately $1,934,000.

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.