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 target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 17,264 shares, a decrease of 68.9% from the April 15th total of 55,556 shares. Based on an average daily volume of 59,194 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Merkkuri Wealth Advisors LLC bought a new position in First Trust Emerging Markets Local Currency Bond ETF during the first quarter worth $40,000. Sound Income Strategies LLC boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 341.6% during the 1st quarter. Sound Income Strategies LLC now owns 1,519 shares of the company’s stock worth $44,000 after purchasing an additional 1,175 shares in the last quarter. Intesa Sanpaolo Wealth Management acquired a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF in the 4th quarter valued at about $45,000. Capital Investment Advisory Services LLC grew its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 372.9% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,641 shares of the company’s stock valued at $49,000 after buying an additional 1,294 shares during the period. Finally, Private Trust Co. NA increased its position in First Trust Emerging Markets Local Currency Bond ETF by 187.2% in the 4th quarter. Private Trust Co. NA now owns 2,045 shares of the company’s stock valued at $61,000 after buying an additional 1,333 shares in the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of First Trust Emerging Markets Local Currency Bond ETF stock traded down $0.05 on Thursday, hitting $29.44. The stock had a trading volume of 43,214 shares, compared to its average volume of 148,402. The stock has a 50 day moving average of $29.43 and a 200 day moving average of $29.78. First Trust Emerging Markets Local Currency Bond ETF has a twelve month low of $27.40 and a twelve month high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were issued a dividend of $0.165 per share. The ex-dividend date was Tuesday, April 21st. This represents a c) annualized dividend and a yield of 6.7%.

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. FEMB was launched on Nov 4, 2014 and is managed by First Trust.