Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Rises By 35.2%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 81,098 shares, a growth of 35.2% from the December 15th total of 59,989 shares. Based on an average daily volume of 79,495 shares, the short-interest ratio is currently 1.0 days. Approximately 0.8% of the shares of the stock are sold short. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 79,495 shares, the short-interest ratio is currently 1.0 days.

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

Hedge funds have recently made changes to their positions in the business. Perigon Wealth Management LLC boosted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 19.6% in the 4th quarter. Perigon Wealth Management LLC now owns 9,057 shares of the company’s stock valued at $270,000 after purchasing an additional 1,486 shares in the last quarter. Balboa Wealth Partners bought a new stake in First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter worth $318,000. Euro Pacific Asset Management LLC lifted its stake in First Trust Emerging Markets Local Currency Bond ETF by 9.5% in the fourth quarter. Euro Pacific Asset Management LLC now owns 117,216 shares of the company’s stock worth $3,549,000 after purchasing an additional 10,175 shares during the last quarter. Advisory Services Network LLC purchased a new stake in First Trust Emerging Markets Local Currency Bond ETF during the third quarter valued at about $204,000. Finally, Kestra Private Wealth Services LLC bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the third quarter valued at about $408,000.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of FEMB traded down $0.08 during midday trading on Friday, reaching $29.99. The stock had a trading volume of 92,646 shares, compared to its average volume of 199,359. The company’s 50-day moving average is $29.71 and its 200 day moving average is $29.34. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $25.66 and a 12-month high of $30.13.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.1425 per share. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date was Friday, December 12th.

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.