First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB – Get Free Report) was the recipient of 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. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 84,062 shares, the short-interest ratio is presently 0.6 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in FEMB. Concurrent Investment Advisors LLC grew its position in First Trust Emerging Markets Local Currency Bond ETF by 66.3% in the second 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 last quarter. First Trust Advisors LP raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 24.8% during the first 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 last quarter. Envestnet Asset Management Inc. raised its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 14.3% during the second quarter. Envestnet Asset Management Inc. now owns 240,435 shares of the company’s stock valued at $7,026,000 after acquiring an additional 30,002 shares during the last quarter. 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. Finally, Private Advisory Group LLC lifted its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 710.3% during the third quarter. Private Advisory Group LLC now owns 154,446 shares of the company’s stock worth $4,399,000 after purchasing an additional 135,385 shares during the period.
First Trust Emerging Markets Local Currency Bond ETF Trading Down 0.4%
Shares of First Trust Emerging Markets Local Currency Bond ETF stock traded down $0.11 during trading on Wednesday, reaching $28.19. The company’s stock had a trading volume of 15,282 shares, compared to its average volume of 115,726. The business’s 50-day moving average price is $28.80 and its 200-day moving average price is $29.42. First Trust Emerging Markets Local Currency Bond ETF has a 52 week low of $27.68 and a 52 week high of $31.55.
First Trust Emerging Markets Local Currency Bond ETF Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $2.40 dividend on an annualized basis and a yield of 8.5%.
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.
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