First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Sees Large Decline in Short Interest

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a significant decline in short interest in March. As of March 31st, there was short interest totaling 5,139 shares, a decline of 32.3% from the March 15th total of 7,587 shares. Based on an average daily volume of 123,689 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

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

Shares of NASDAQ FEMB traded down $0.02 during mid-day trading on Tuesday, hitting $29.97. 33,533 shares of the stock traded hands, compared to its average volume of 175,192. First Trust Emerging Markets Local Currency Bond ETF has a 52 week low of $26.55 and a 52 week high of $31.55. The stock has a fifty day moving average price of $29.84 and a 200-day moving average price of $29.73.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.15 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Thursday, March 26th.

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

Hedge funds have recently added to or reduced their stakes in the stock. Csenge Advisory Group bought a new stake in First Trust Emerging Markets Local Currency Bond ETF in the third quarter worth $1,728,000. Osaic Holdings Inc. boosted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 1,318.2% in the second quarter. Osaic Holdings Inc. now owns 137,952 shares of the company’s stock worth $3,984,000 after acquiring an additional 128,225 shares in the last quarter. Synergy Asset Management LLC bought a new stake in First Trust Emerging Markets Local Currency Bond ETF in the third quarter worth $3,872,000. Redhawk Wealth Advisors Inc. bought a new stake in First Trust Emerging Markets Local Currency Bond ETF in the third quarter worth $10,172,000. Finally, Seascape Capital Management bought a new stake in First Trust Emerging Markets Local Currency Bond ETF in the fourth quarter worth $6,815,000.

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