First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Shares Shorted: Short Interest Up 473.3% in October

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 52,178 shares, a growth of 473.3% from the October 15th total of 9,102 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 84,062 shares, the days-to-cover ratio is presently 0.6 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.8%

Shares of First Trust Emerging Markets Local Currency Bond ETF stock traded down $0.24 during trading hours on Thursday, hitting $28.06. The company’s stock had a trading volume of 95,615 shares, compared to its average volume of 115,939. First Trust Emerging Markets Local Currency Bond ETF has a 12 month low of $27.68 and a 12 month high of $31.55. The stock has a 50 day moving average of $28.74 and a 200 day moving average of $29.40.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were issued a dividend of $0.20 per share. This represents a $2.40 annualized dividend and a yield of 8.6%. The ex-dividend date was Wednesday, October 21st.

Institutional Investors Weigh In On First Trust Emerging Markets Local Currency Bond ETF

Large investors have recently made changes to their positions in the stock. Concurrent Investment Advisors LLC raised its holdings in First Trust Emerging Markets Local Currency Bond ETF by 66.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 451,677 shares of the company’s stock valued at $13,198,000 after acquiring an additional 180,123 shares during the period. TD Waterhouse Canada Inc. acquired a new stake in First Trust Emerging Markets Local Currency Bond ETF during the 3rd quarter worth approximately $1,730,000. Envestnet Asset Management Inc. boosted its stake in First Trust Emerging Markets Local Currency Bond ETF by 14.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 240,435 shares of the company’s stock valued at $7,026,000 after purchasing an additional 30,002 shares during the period. First Trust Advisors LP boosted its stake 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 purchasing an additional 63,498 shares during the period. Finally, D.A. Davidson & CO. acquired a new position in First Trust Emerging Markets Local Currency Bond ETF in the 3rd quarter valued at $1,331,000.

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.