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 increase in short interest in July. As of July 31st, there was short interest totaling 42,935 shares, an increase of 90.3% from the July 15th total of 22,561 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 90,838 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC boosted its position in First Trust Emerging Markets Local Currency Bond ETF by 21.4% during the 4th quarter. LPL Financial LLC now owns 1,181,923 shares of the company’s stock worth $35,221,000 after buying an additional 207,987 shares during the period. First Trust Advisors LP increased its position in First Trust Emerging Markets Local Currency Bond ETF by 24.8% in the 1st quarter. First Trust Advisors LP now owns 319,673 shares of the company’s stock valued at $9,186,000 after acquiring an additional 63,498 shares during the period. Csenge Advisory Group raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 303.6% during the fourth quarter. Csenge Advisory Group now owns 237,751 shares of the company’s stock valued at $7,085,000 after acquiring an additional 178,850 shares during the last quarter. Seascape Capital Management raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 3.0% during the first quarter. Seascape Capital Management now owns 235,617 shares of the company’s stock valued at $6,771,000 after acquiring an additional 6,932 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 7.3% during the first quarter. Royal Bank of Canada now owns 191,970 shares of the company’s stock worth $5,517,000 after purchasing an additional 13,102 shares during the period.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.1%

Shares of FEMB traded down $0.03 during trading hours on Monday, reaching $29.58. The stock had a trading volume of 40,256 shares, compared to its average volume of 125,443. First Trust Emerging Markets Local Currency Bond ETF has a 12 month low of $28.30 and a 12 month high of $31.55. The company’s 50-day moving average is $29.38 and its two-hundred day moving average is $29.61.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were issued a dividend of $0.165 per share. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Tuesday, July 21st.

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.