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

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 7,498 shares, a decrease of 80.5% from the June 15th total of 38,494 shares. Based on an average daily trading volume, of 95,101 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FEMB. Seascape Capital Management acquired a new position in First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter worth about $6,815,000. LPL Financial LLC raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 21.4% during the 4th quarter. LPL Financial LLC now owns 1,181,923 shares of the company’s stock worth $35,221,000 after purchasing an additional 207,987 shares in the last quarter. Csenge Advisory Group raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 303.6% during the 4th quarter. Csenge Advisory Group now owns 237,751 shares of the company’s stock worth $7,085,000 after purchasing an additional 178,850 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 399.2% during the 2nd quarter. First Trust Advisors LP now owns 217,192 shares of the company’s stock valued at $6,273,000 after buying an additional 173,687 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 143.2% during the 4th quarter. Royal Bank of Canada now owns 178,868 shares of the company’s stock valued at $5,330,000 after buying an additional 105,308 shares during the last quarter.

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

Shares of NASDAQ:FEMB traded up $0.18 during trading on Friday, reaching $29.56. 74,779 shares of the company traded hands, compared to its average volume of 132,783. The firm has a fifty day simple moving average of $29.33 and a 200 day simple moving average of $29.71. First Trust Emerging Markets Local Currency Bond ETF has a 1-year low of $28.18 and a 1-year high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.165 per share. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Thursday, June 25th.

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. FEMB was launched on Nov 4, 2014 and is managed by First Trust.