First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Down 68.9% in April

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 17,264 shares, a decline of 68.9% from the April 15th total of 55,556 shares. Based on an average trading volume of 59,194 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Csenge Advisory Group purchased a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the 3rd quarter worth approximately $1,728,000. Seascape Capital Management purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter worth about $6,815,000. Iams Wealth Management LLC bought a new position in First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter worth about $2,085,000. Sanctuary Advisors LLC bought a new stake in First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at about $1,064,000. Finally, Walkner Condon Financial Advisors LLC raised its holdings in First Trust Emerging Markets Local Currency Bond ETF by 3.0% in the third quarter. Walkner Condon Financial Advisors LLC now owns 44,748 shares of the company’s stock worth $1,313,000 after buying an additional 1,309 shares during the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of NASDAQ FEMB traded down $0.05 during mid-day trading on Thursday, hitting $29.44. The company had a trading volume of 43,214 shares, compared to its average volume of 148,402. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $27.40 and a 1 year high of $31.55. The stock’s 50-day moving average price is $29.43 and its 200-day moving average price is $29.78.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were paid a $0.165 dividend. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, April 21st.

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.