First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Up 620.0% in January

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 3,600 shares, an increase of 620.0% from the January 15th total of 500 shares. Based on an average daily volume of 66,300 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FEMB. Independent Advisor Alliance acquired a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter valued at $3,649,000. Janney Montgomery Scott LLC boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 7.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 137,130 shares of the company’s stock valued at $3,563,000 after buying an additional 9,650 shares in the last quarter. Euro Pacific Asset Management LLC grew its position in First Trust Emerging Markets Local Currency Bond ETF by 0.9% in the fourth quarter. Euro Pacific Asset Management LLC now owns 117,473 shares of the company’s stock valued at $3,086,000 after acquiring an additional 1,041 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in First Trust Emerging Markets Local Currency Bond ETF during the third quarter worth about $3,172,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter valued at approximately $2,538,000.

First Trust Emerging Markets Local Currency Bond ETF Stock Up 0.2 %

FEMB stock opened at $26.74 on Thursday. First Trust Emerging Markets Local Currency Bond ETF has a 52 week low of $25.60 and a 52 week high of $30.11. The business has a 50-day simple moving average of $26.47 and a 200 day simple moving average of $27.43.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a dividend of $0.1325 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This represents a $1.59 annualized dividend and a dividend yield of 5.95%.

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.