Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Rises By 250.4%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 141,901 shares, a growth of 250.4% from the August 15th total of 40,501 shares. Based on an average daily volume of 59,320 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Merkkuri Wealth Advisors LLC acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the first quarter valued at $40,000. Sound Income Strategies LLC grew its position in First Trust Emerging Markets Local Currency Bond ETF by 341.6% in the 1st quarter. Sound Income Strategies LLC now owns 1,519 shares of the company’s stock valued at $44,000 after buying an additional 1,175 shares in the last quarter. Intesa Sanpaolo Wealth Management bought a new position in First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter valued at about $45,000. Bank of America Corp DE acquired a new position in First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter valued at about $73,000. Finally, Bank of Montreal Can acquired a new position in First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at about $75,000.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of FEMB traded down $0.41 during mid-day trading on Monday, reaching $29.18. 9,276 shares of the company’s stock traded hands, compared to its average volume of 118,036. The business’s 50-day moving average price is $29.51 and its 200-day moving average price is $29.47. First Trust Emerging Markets Local Currency Bond ETF has a 12 month low of $28.30 and a 12 month high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were given a $0.185 dividend. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date was Friday, August 21st.

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.