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 recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 69,800 shares, an increase of 534.5% from the August 15th total of 11,000 shares. Based on an average daily trading volume, of 84,800 shares, the short-interest ratio is currently 0.8 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AE Wealth Management LLC purchased a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the 2nd quarter worth $270,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 47.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,274 shares of the company’s stock worth $170,000 after purchasing an additional 2,015 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 24.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 533,138 shares of the company’s stock worth $14,485,000 after purchasing an additional 103,436 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 6.5% during the 2nd quarter. Private Advisor Group LLC now owns 43,593 shares of the company’s stock worth $1,184,000 after purchasing an additional 2,657 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 48.6% during the 2nd quarter. Belpointe Asset Management LLC now owns 52,489 shares of the company’s stock worth $1,426,000 after purchasing an additional 17,171 shares in the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

NASDAQ:FEMB traded up $0.04 during midday trading on Friday, reaching $28.55. The stock had a trading volume of 67,490 shares, compared to its average volume of 63,539. The firm has a fifty day simple moving average of $28.00 and a two-hundred day simple moving average of $27.86. First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $25.91 and a 12-month high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were given a $0.1325 dividend. This represents a $1.59 dividend on an annualized basis and a yield of 5.57%. This is a positive change from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date was Wednesday, August 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.