First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Down 30.6% in February

by · The Cerbat Gem

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB – Get Free Report) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 2,500 shares, a decrease of 30.6% from the January 31st total of 3,600 shares. Based on an average daily volume of 60,300 shares, the short-interest ratio is currently 0.0 days.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of First Trust Emerging Markets Local Currency Bond ETF stock traded up $0.11 during trading on Monday, reaching $26.78. The stock had a trading volume of 8,361 shares, compared to its average volume of 63,236. The stock has a fifty day moving average price of $26.52 and a two-hundred day moving average price of $27.35. First Trust Emerging Markets Local Currency Bond ETF has a 52 week low of $25.60 and a 52 week high of $30.11.

First Trust Emerging Markets Local Currency Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a dividend of $0.1325 per share. This represents a $1.59 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend was Friday, February 21st.

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

Hedge funds have recently made changes to their positions in the business. FSB Premier Wealth Management Inc. grew its position in First Trust Emerging Markets Local Currency Bond ETF by 16.6% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 10,791 shares of the company’s stock valued at $280,000 after purchasing an additional 1,536 shares in the last quarter. GTS Securities LLC acquired a new position in shares of First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter worth about $291,000. KKM Financial LLC grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 33.3% in the 3rd quarter. KKM Financial LLC now owns 11,713 shares of the company’s stock valued at $339,000 after acquiring an additional 2,928 shares in the last quarter. Spire Wealth Management increased its position in shares of First Trust Emerging Markets Local Currency Bond ETF by 111.2% in the fourth quarter. Spire Wealth Management now owns 11,965 shares of the company’s stock valued at $311,000 after acquiring an additional 6,299 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new stake in First Trust Emerging Markets Local Currency Bond ETF during the fourth quarter worth about $342,000.

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.

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