First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) Sees Significant Short-Term Interest Drop

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The First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB – Get Rating) saw a sharp drop in short interest in March. As of March 31, there was short interest totaling 1,300 shares, down 95.7% from the March 15 total of 30,500 shares. Based on an average daily trading volume of 95,100 shares, the day-to-cover ratio is currently 0.0 day.

Hedge funds and other institutional investors have recently changed their holdings in the company. Capital Analysts LLC increased its stake in shares of the First Trust Emerging Markets Local Currency Bond ETF by 2,818.4% during the 4th quarter. Capital Analysts LLC now owns 3,327 shares of the company worth $104,000 after purchasing 3,213 additional shares during the period. Arkadios Wealth Advisors increased its stake in shares of the First Trust Emerging Markets Local Currency Bond ETF by 23.1% during the 4th quarter. Arkadios Wealth Advisors now owns 6,824 shares of the company worth $213,000 after purchasing an additional 1,280 shares during the period. Dynamic Advisor Solutions LLC purchased a new equity position in the First Trust Emerging Markets Local Currency Bond ETF during Q4, valued at approximately $249,000. Concourse Financial Group Securities Inc. raised its position in the shares of the First Trust Emerging Markets Local Currency Bond ETF by 7.6% during the third quarter. Concourse Financial Group Securities Inc. now owns 8,633 shares of the company valued at $281,000 after purchasing an additional 610 shares last quarter. Finally, Wintrust Investments LLC purchased a new equity position in the First Trust Emerging Markets Local Currency Bond ETF during Q4, valued at approximately $273,000.

NASDAQ: FEMB fell $0.01 in Wednesday’s midday session, hitting $29.68. The company’s stock had a trading volume of 100 shares, compared to its average volume of 90,427. The First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $29.19 and a high fifty-two weeks from $36.31. The company’s 50-day simple moving average is $30.44.

The company also recently declared a monthly dividend, which was paid on Thursday, March 31. Investors of record on Monday, March 28 received a dividend of $0.155. This represents an annualized dividend of $1.86 and a yield of 6.27%. The ex-dividend date was Friday, March 25. This is an increase from the First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.14.

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