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 significant increase in short interest in March. As of March 31st, there was short interest totalling 14,200 shares, an increase of 73.2% from the March 15th total of 8,200 shares. Based on an average daily trading volume, of 40,500 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. EWG Elevate Inc. boosted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 8.2% in the first quarter. EWG Elevate Inc. now owns 67,387 shares of the company’s stock worth $1,812,000 after buying an additional 5,115 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter worth $275,000. GTS Securities LLC purchased a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter worth $291,000. Visionary Wealth Advisors grew 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 acquiring an additional 8,360 shares during the period. Finally, KKM Financial LLC increased its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 16.0% in the 4th quarter. KKM Financial LLC now owns 13,582 shares of the company’s stock worth $353,000 after purchasing an additional 1,869 shares in the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

FEMB opened at $27.17 on Thursday. The company’s 50-day simple moving average is $26.95 and its two-hundred day simple moving average is $26.99. First Trust Emerging Markets Local Currency Bond ETF has a 52-week low of $25.60 and a 52-week high of $29.35.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.1425 dividend. This represents a $1.71 dividend on an annualized basis and a yield of 6.29%. The ex-dividend date was Thursday, March 27th. This is an increase from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13.

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.