First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Stock Short Interest Rises 473.3%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 52,178 shares, a growth of 473.3% from the October 15th total of 9,102 shares. Based on an average daily trading volume, of 84,062 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s shares are sold short.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of FEMB stock traded down $0.06 during trading hours on Friday, hitting $28.00. 12,155 shares of the company were exchanged, compared to its average volume of 115,423. First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $27.68 and a fifty-two week high of $31.55. The company has a 50 day simple moving average of $28.74 and a two-hundred day simple moving average of $29.40.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were given a dividend of $0.20 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend was Wednesday, October 21st.

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

A number of large investors have recently made changes to their positions in FEMB. Concurrent Investment Advisors LLC grew its stake in First Trust Emerging Markets Local Currency Bond ETF by 66.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 451,677 shares of the company’s stock worth $13,198,000 after buying an additional 180,123 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the 3rd quarter worth about $9,624,000. Envestnet Asset Management Inc. raised its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 14.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 240,435 shares of the company’s stock valued at $7,026,000 after buying an additional 30,002 shares in the last quarter. Royal Bank of Canada grew its position in First Trust Emerging Markets Local Currency Bond ETF by 7.3% during the first quarter. Royal Bank of Canada now owns 191,970 shares of the company’s stock valued at $5,517,000 after acquiring an additional 13,102 shares during the last quarter. Finally, Private Advisory Group LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 710.3% in the 3rd quarter. Private Advisory Group LLC now owns 154,446 shares of the company’s stock worth $4,399,000 after acquiring an additional 135,385 shares during the last quarter.

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.