First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Short Interest Up 67.3% in May

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 28,888 shares, a growth of 67.3% from the April 30th total of 17,264 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 58,682 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of First Trust Emerging Markets Local Currency Bond ETF

Several large investors have recently bought and sold shares of the business. Merkkuri Wealth Advisors LLC acquired a new position in First Trust Emerging Markets Local Currency Bond ETF during the first quarter worth about $40,000. Sound Income Strategies LLC boosted its stake in shares of First Trust Emerging Markets Local Currency Bond ETF by 341.6% in the 1st quarter. Sound Income Strategies LLC now owns 1,519 shares of the company’s stock valued at $44,000 after purchasing an additional 1,175 shares in the last quarter. Intesa Sanpaolo Wealth Management bought a new stake in shares of First Trust Emerging Markets Local Currency Bond ETF during the 4th quarter valued at approximately $45,000. Capital Investment Advisory Services LLC grew its holdings in shares of First Trust Emerging Markets Local Currency Bond ETF by 372.9% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,641 shares of the company’s stock valued at $49,000 after purchasing an additional 1,294 shares during the last quarter. Finally, Private Trust Co. NA increased its position in First Trust Emerging Markets Local Currency Bond ETF by 187.2% during the 4th quarter. Private Trust Co. NA now owns 2,045 shares of the company’s stock worth $61,000 after purchasing an additional 1,333 shares in the last quarter.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of FEMB opened at $29.29 on Friday. First Trust Emerging Markets Local Currency Bond ETF has a one year low of $28.00 and a one year high of $31.55. The firm has a 50 day simple moving average of $29.38 and a two-hundred day simple moving average of $29.75.

First Trust Emerging Markets Local Currency Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.

First Trust Emerging Markets Local Currency Bond ETF Company Profile

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.