First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Down 93.0% in January

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMBGet Free Report) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 5,800 shares, a decline of 93.0% from the January 15th total of 82,300 shares. Based on an average daily trading volume, of 68,300 shares, the days-to-cover ratio is currently 0.1 days.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Securities Inc. acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter worth approximately $33,000. UBS Group AG purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF during the first quarter valued at about $58,000. Tower Research Capital LLC TRC lifted its stake in First Trust Emerging Markets Local Currency Bond ETF by 99.3% during the third quarter. Tower Research Capital LLC TRC now owns 3,040 shares of the company’s stock valued at $75,000 after buying an additional 1,515 shares in the last quarter. Comerica Bank acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 3rd quarter valued at about $100,000. Finally, Stifel Financial Corp acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 3rd quarter valued at about $219,000.

First Trust Emerging Markets Local Currency Bond ETF Stock Up 0.1 %

Shares of NASDAQ:FEMB traded up $0.04 during trading on Monday, hitting $28.46. 31,999 shares of the company traded hands, compared to its average volume of 72,169. The business’s fifty day moving average is $28.73 and its 200-day moving average is $28.09. First Trust Emerging Markets Local Currency Bond ETF has a one year low of $24.00 and a one year high of $30.50.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Wednesday, January 24th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, January 23rd. This represents a $1.50 annualized dividend and a dividend yield of 5.27%.

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.

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