First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Sees Large Growth in Short Interest

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 8,200 shares, a growth of 141.2% from the February 28th total of 3,400 shares. Based on an average daily trading volume, of 56,300 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.6 %

First Trust Emerging Markets Local Currency Bond ETF stock opened at $26.78 on Friday. The company has a 50 day moving average of $26.92 and a 200-day moving average of $27.19. First Trust Emerging Markets Local Currency Bond ETF has a twelve month low of $25.60 and a twelve month high of $29.35.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a $0.1425 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This is a positive change from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13. This represents a $1.71 dividend on an annualized basis and a yield of 6.39%.

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

A number of large investors have recently added to or reduced their stakes in FEMB. Wealth Enhancement Advisory Services LLC acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter worth about $275,000. FSB Premier Wealth Management Inc. lifted its stake in First Trust Emerging Markets Local Currency Bond ETF by 16.6% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 10,791 shares of the company’s stock valued at $280,000 after acquiring an additional 1,536 shares in the last quarter. GTS Securities LLC acquired a new position in First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter worth approximately $291,000. Spire Wealth Management boosted its position in First Trust Emerging Markets Local Currency Bond ETF by 111.2% during the 4th quarter. Spire Wealth Management now owns 11,965 shares of the company’s stock worth $311,000 after acquiring an additional 6,299 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter valued at approximately $342,000.

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.