First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Down 47.0% in January

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 43,013 shares, a drop of 47.0% from the December 31st total of 81,098 shares. Based on an average trading volume of 209,292 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 209,292 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Csenge Advisory Group bought a new stake in First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter valued at $1,728,000. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 242.9% in the second quarter. Envestnet Asset Management Inc. now owns 109,196 shares of the company’s stock valued at $3,154,000 after acquiring an additional 77,349 shares in the last quarter. Walkner Condon Financial Advisors LLC increased its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 9.5% during the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 43,439 shares of the company’s stock valued at $1,255,000 after purchasing an additional 3,762 shares during the period. Assetmark Inc. boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 4,293.6% during the second quarter. Assetmark Inc. now owns 22,759 shares of the company’s stock valued at $657,000 after buying an additional 22,241 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new stake in First Trust Emerging Markets Local Currency Bond ETF in the second quarter worth about $943,000.

First Trust Emerging Markets Local Currency Bond ETF Price Performance

Shares of First Trust Emerging Markets Local Currency Bond ETF stock traded down $0.31 during trading on Friday, hitting $30.43. 406,520 shares of the stock were exchanged, compared to its average volume of 194,471. The firm’s 50-day moving average price is $29.85 and its 200 day moving average price is $29.43. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $25.66 and a 12-month high of $31.55.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a dividend of $0.1425 per share. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Wednesday, January 21st.

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.