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

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The First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB – Get Rating) saw significant short-term interest growth in the month of April. As of April 30, there were short interests totaling 6,400 shares, a growth of 236.8% from the total of 1,900 shares as of April 15. Based on an average daily volume of 73,400 shares, the day-to-cover ratio is currently 0.1 day.

Several institutional investors and hedge funds have recently changed their holdings in the company. Raymond James Financial Services Advisors Inc. increased its position in First Trust Emerging Markets Local Currency Bond ETF by 16.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 42,244 shares of the company worth $1,274,000 after acquiring 5,887 additional shares during the period. Advisor OS LLC increased its position in the First Trust Emerging Markets Local Currency Bond ETF by 103.6% during the first quarter. Advisor OS LLC now owns 59,421 shares of the company worth $1,791,000 after acquiring an additional 30,232 shares during the period. Concourse Financial Group Securities Inc. increased its position in Emerging Markets Local Currency Bond ETF First Trust by 51.6% in the first quarter. Concourse Financial Group Securities Inc. now owns 15,041 shares of the company worth $453,000 after acquiring an additional 5,120 shares during the period. Treasure Coast Financial Planning bought a new position in the First Trust Emerging Markets Local Currency Bond ETF during the first quarter worth approximately $217,000. Finally, Wealthsource Partners LLC bought a new position in First Trust Emerging Markets Local Currency Bond ETF during the first quarter worth approximately $237,000.

Shares of FEMB opened at $27.32 on Thursday. The company’s 50-day moving average is $29.21 and its 200-day moving average is $30.59. The First Trust Emerging Markets Local Currency Bond ETF has a fifty-two week low of $27.15 and a fifty-two week high of $36.31.

The company also recently disclosed a monthly dividend, which was paid on Friday, April 29. Shareholders of record on Friday, April 22 received a dividend of $0.147. This represents an annualized dividend of $1.76 and a dividend yield of 6.46%. The ex-dividend date was Thursday, April 21.

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