First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Up 200.9% in July

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 22,561 shares, a growth of 200.9% from the June 30th total of 7,498 shares. Based on an average daily volume of 137,797 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are sold short.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Merkkuri Wealth Advisors LLC acquired a new position in First Trust Emerging Markets Local Currency Bond ETF during the 1st quarter worth approximately $40,000. Sound Income Strategies LLC raised its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 341.6% in the first quarter. Sound Income Strategies LLC now owns 1,519 shares of the company’s stock valued at $44,000 after purchasing an additional 1,175 shares during the last quarter. Intesa Sanpaolo Wealth Management bought a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter worth $45,000. Capital Investment Advisory Services LLC lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 372.9% in the fourth quarter. Capital Investment Advisory Services LLC now owns 1,641 shares of the company’s stock worth $49,000 after purchasing an additional 1,294 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 187.2% during the fourth quarter. Private Trust Co. NA now owns 2,045 shares of the company’s stock worth $61,000 after purchasing an additional 1,333 shares during the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Trading Up 0.3%

Shares of NASDAQ:FEMB traded up $0.09 during trading on Tuesday, hitting $29.17. 55,357 shares of the company’s stock traded hands, compared to its average volume of 128,665. First Trust Emerging Markets Local Currency Bond ETF has a 52 week low of $28.18 and a 52 week high of $31.55. The company has a 50-day moving average price of $29.29 and a 200-day moving average price of $29.66.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be issued a $0.165 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Tuesday, July 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.