Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Drops By 30.6%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 2,500 shares, a decline of 30.6% from the January 31st total of 3,600 shares. Based on an average daily volume of 60,300 shares, the short-interest ratio is currently 0.0 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of NASDAQ FEMB traded up $0.11 during trading hours on Monday, reaching $26.78. The stock had a trading volume of 8,361 shares, compared to its average volume of 63,236. First Trust Emerging Markets Local Currency Bond ETF has a twelve month low of $25.60 and a twelve month high of $30.11. The business’s fifty day moving average is $26.52 and its two-hundred day moving average is $27.35.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were paid a $0.1325 dividend. This represents a $1.59 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date of this dividend was Friday, February 21st.

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

Institutional investors have recently made changes to their positions in the business. GTS Securities LLC acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter valued at approximately $291,000. Visionary Wealth Advisors lifted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 22.0% during the 4th quarter. Visionary Wealth Advisors now owns 46,323 shares of the company’s stock worth $1,203,000 after buying an additional 8,360 shares during the period. KKM Financial LLC boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 16.0% in the 4th quarter. KKM Financial LLC now owns 13,582 shares of the company’s stock valued at $353,000 after buying an additional 1,869 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter valued at $342,000. Finally, Jane Street Group LLC bought a new stake in First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter valued at $12,585,000.

About First Trust Emerging Markets Local Currency Bond ETF

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.