Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Declines By 76.1%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,100 shares, a drop of 76.1% from the December 15th total of 4,600 shares. Based on an average daily volume of 80,800 shares, the short-interest ratio is presently 0.0 days.

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

Large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 24.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 533,138 shares of the company’s stock worth $14,485,000 after buying an additional 103,436 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the third quarter worth $3,172,000. EWG Elevate Inc. boosted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 4.9% in the fourth quarter. EWG Elevate Inc. now owns 62,272 shares of the company’s stock worth $1,618,000 after acquiring an additional 2,931 shares during the period. Flow Traders U.S. LLC grew its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 501.6% in the third quarter. Flow Traders U.S. LLC now owns 60,160 shares of the company’s stock valued at $1,743,000 after purchasing an additional 50,160 shares in the last quarter. Finally, CWM LLC raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 26,208.4% during the 3rd quarter. CWM LLC now owns 56,300 shares of the company’s stock valued at $1,632,000 after purchasing an additional 56,086 shares during the period.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.7 %

Shares of NASDAQ FEMB traded down $0.17 during trading on Monday, reaching $25.88. 34,470 shares of the stock traded hands, compared to its average volume of 75,553. The company has a 50-day moving average of $26.71 and a 200-day moving average of $27.57. First Trust Emerging Markets Local Currency Bond ETF has a 52-week low of $25.60 and a 52-week high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.1325 per share. The ex-dividend date was Friday, December 13th. This represents a $1.59 dividend on an annualized basis and a yield of 6.14%.

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.