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

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 141,901 shares, a growth of 250.4% from the August 15th total of 40,501 shares. Based on an average trading volume of 59,320 shares, the short-interest ratio is currently 2.4 days. Approximately 1.2% of the company’s stock are short sold.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

FEMB traded up $0.08 on Friday, reaching $29.60. The company’s stock had a trading volume of 142,386 shares, compared to its average volume of 118,669. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $28.30 and a fifty-two week high of $31.55. The stock has a 50 day moving average of $29.51 and a two-hundred day moving average of $29.48.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were paid a dividend of $0.185 per share. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date was Friday, August 21st.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Merkkuri Wealth Advisors LLC purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the first quarter worth about $40,000. Intesa Sanpaolo Wealth Management acquired a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter valued at about $45,000. Sound Income Strategies LLC grew its stake in First Trust Emerging Markets Local Currency Bond ETF by 341.6% during the 1st quarter. Sound Income Strategies LLC now owns 1,519 shares of the company’s stock worth $44,000 after buying an additional 1,175 shares during the last quarter. Bank of America Corp DE purchased a new position in First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter worth approximately $73,000. Finally, Bank of Montreal Can acquired a new position in First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter worth approximately $75,000.

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.