Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Drops By 35.0%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 59,989 shares, a decline of 35.0% from the November 30th total of 92,329 shares. Based on an average daily volume of 60,025 shares, the short-interest ratio is currently 1.0 days. Currently, 0.7% of the shares of the company are short sold. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 60,025 shares, the short-interest ratio is currently 1.0 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

NASDAQ FEMB opened at $29.86 on Friday. The firm has a 50-day moving average of $29.55 and a 200-day moving average of $29.19. First Trust Emerging Markets Local Currency Bond ETF has a 52-week low of $25.60 and a 52-week high of $30.00.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a $0.1425 dividend. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Friday, December 12th.

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

Institutional investors have recently made changes to their positions in the company. Raleigh Capital Management Inc. lifted its holdings in First Trust Emerging Markets Local Currency Bond ETF by 80.2% during the 2nd quarter. Raleigh Capital Management Inc. now owns 1,054 shares of the company’s stock worth $30,000 after purchasing an additional 469 shares during the last quarter. Bank of America Corp DE acquired a new position in First Trust Emerging Markets Local Currency Bond ETF in the 3rd quarter valued at $73,000. Ameritas Advisory Services LLC bought a new position in First Trust Emerging Markets Local Currency Bond ETF during the 2nd quarter worth $121,000. AE Wealth Management LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 1,680.5% during the second quarter. AE Wealth Management LLC now owns 4,932 shares of the company’s stock worth $142,000 after buying an additional 4,655 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the third quarter valued at about $204,000.

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.