First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Update

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 14,200 shares, a growth of 73.2% from the March 15th total of 8,200 shares. Based on an average daily volume of 40,500 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are short sold.

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

Hedge funds have recently modified their holdings of the business. EWG Elevate Inc. lifted its position in First Trust Emerging Markets Local Currency Bond ETF by 8.2% during the first quarter. EWG Elevate Inc. now owns 67,387 shares of the company’s stock valued at $1,812,000 after purchasing an additional 5,115 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter worth about $275,000. GTS Securities LLC bought a new position in shares of First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter worth about $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 valued at $1,203,000 after buying an additional 8,360 shares in the last quarter. Finally, KKM Financial LLC grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 16.0% during the 4th quarter. KKM Financial LLC now owns 13,582 shares of the company’s stock valued at $353,000 after acquiring an additional 1,869 shares during the period.

First Trust Emerging Markets Local Currency Bond ETF Trading Up 0.1 %

Shares of NASDAQ:FEMB opened at $27.20 on Friday. The firm’s 50 day moving average price is $26.97 and its 200-day moving average price is $26.97. 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 firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.1425 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13. This represents a $1.71 annualized dividend and a yield of 6.29%.

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.