First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Shares Shorted: Short Interest Down 86.7% in September

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 13,636 shares, a drop of 86.7% from the September 15th total of 102,375 shares. Based on an average trading volume of 81,589 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 14.3% during the second quarter. Envestnet Asset Management Inc. now owns 240,435 shares of the company’s stock worth $7,026,000 after acquiring an additional 30,002 shares during the period. RFG Advisory LLC acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF in the second quarter valued at about $323,000. BAM Wealth Management LLC lifted its position in First Trust Emerging Markets Local Currency Bond ETF by 42.2% in the second quarter. BAM Wealth Management LLC now owns 16,169 shares of the company’s stock valued at $472,000 after purchasing an additional 4,799 shares during the period. Concurrent Investment Advisors LLC lifted its position in First Trust Emerging Markets Local Currency Bond ETF by 66.3% in the second quarter. Concurrent Investment Advisors LLC now owns 451,677 shares of the company’s stock valued at $13,198,000 after purchasing an additional 180,123 shares during the period. Finally, InTrack Investment Management Inc boosted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 139.5% in the 2nd quarter. InTrack Investment Management Inc now owns 17,561 shares of the company’s stock valued at $513,000 after purchasing an additional 10,228 shares in the last quarter.

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

Shares of FEMB stock traded up $0.03 during midday trading on Monday, hitting $28.88. The company had a trading volume of 25,684 shares, compared to its average volume of 118,158. The company’s 50 day simple moving average is $29.31 and its 200 day simple moving average is $29.33. First Trust Emerging Markets Local Currency Bond ETF has a 52-week low of $28.13 and a 52-week high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.20 per share. This is a boost from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.1850. This represents a $2.40 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend was Thursday, September 24th.

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