Short Interest in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Drops By 30.6%

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 2,500 shares, a decrease of 30.6% from the January 31st total of 3,600 shares. Based on an average daily trading volume, of 60,300 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of First Trust Emerging Markets Local Currency Bond ETF stock traded up $0.12 during trading hours on Tuesday, reaching $26.90. 10,807 shares of the company’s stock were exchanged, compared to its average volume of 63,222. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $25.60 and a 1 year high of $30.11. The business has a fifty day moving average of $26.55 and a two-hundred day moving average of $27.33.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 21st were given a dividend of $0.1325 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.59 annualized dividend and a dividend yield of 5.91%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FEMB. Jane Street Group LLC acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at about $12,585,000. Independent Advisor Alliance acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at about $3,649,000. Susquehanna International Group LLP acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at about $3,090,000. Concurrent Investment Advisors LLC acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter valued at about $3,172,000. Finally, Raymond James Financial Inc. acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at about $2,538,000.

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.