First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Up 90.3% in July

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMBGet Free Report) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 42,935 shares, a growth of 90.3% from the July 15th total of 22,561 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 90,838 shares, the short-interest ratio is currently 0.5 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Down 0.2%

FEMB stock traded down $0.05 during trading on Friday, hitting $29.61. 41,133 shares of the company traded hands, compared to its average volume of 125,992. First Trust Emerging Markets Local Currency Bond ETF has a 1 year low of $28.30 and a 1 year high of $31.55. The stock’s 50-day simple moving average is $29.38 and its 200 day simple moving average is $29.62.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a $0.165 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 6.7%.

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

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

About First Trust Emerging Markets Local Currency Bond ETF

(Get Free Report)

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.

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