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

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMBGet Free Report) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 82,300 shares, an increase of 1,059.2% from the December 31st total of 7,100 shares. Based on an average daily trading volume, of 62,100 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

Hedge funds have recently modified their holdings of the company. Cottonwood Capital Advisors LLC increased its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 2.5% during the second quarter. Cottonwood Capital Advisors LLC now owns 42,939 shares of the company’s stock worth $1,231,000 after buying an additional 1,041 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 503.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 68,574 shares of the company’s stock valued at $1,855,000 after acquiring an additional 57,217 shares during the last quarter. Walkner Condon Financial Advisors LLC boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 0.9% in the third quarter. Walkner Condon Financial Advisors LLC now owns 66,852 shares of the company’s stock valued at $1,812,000 after acquiring an additional 624 shares during the last quarter. Sterling Manor Financial LLC boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 37.3% in the third quarter. Sterling Manor Financial LLC now owns 391,555 shares of the company’s stock valued at $10,592,000 after acquiring an additional 106,472 shares during the last quarter. Finally, EWG Elevate Inc. boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 3.6% in the third quarter. EWG Elevate Inc. now owns 48,080 shares of the company’s stock valued at $1,301,000 after acquiring an additional 1,674 shares during the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

NASDAQ:FEMB traded up $0.22 during mid-day trading on Thursday, hitting $28.53. The company’s stock had a trading volume of 81,998 shares, compared to its average volume of 85,294. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $24.00 and a fifty-two week high of $30.50. The stock has a fifty day moving average of $28.66 and a 200-day moving average of $28.15.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 24th will be issued a dividend of $0.125 per share. This represents a $1.50 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend is Tuesday, January 23rd.

First Trust Emerging Markets Local Currency Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

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