Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Expands By 141.2%

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

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of NASDAQ FEMB opened at $26.94 on Friday. The business has a 50 day simple moving average of $26.91 and a 200 day simple moving average of $27.21. First Trust Emerging Markets Local Currency Bond ETF has a 52 week low of $25.60 and a 52 week high of $29.35.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 6.35%.

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

Several hedge funds and other institutional investors have recently modified their holdings of FEMB. Wealth Enhancement Advisory Services LLC bought a new position in First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at about $275,000. FSB Premier Wealth Management Inc. raised its position 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 purchasing an additional 1,536 shares during the last quarter. GTS Securities LLC acquired a new position in First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter worth $291,000. Spire Wealth Management increased its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 111.2% in the fourth quarter. Spire Wealth Management now owns 11,965 shares of the company’s stock valued at $311,000 after buying an additional 6,299 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter valued at about $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.