Short-term stake in First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) rises 64.1%

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The First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB – Get Rating) was the target of a significant increase in short-term interest in May. As of May 15, there was short interest totaling 10,500 shares, an increase of 64.1% from the April 30 total of 6,400 shares. Based on an average trading volume of 69,800 shares, the day-to-cover ratio is currently 0.2 days.

Institutional investors have recently changed their stake in the company. Gradient Investments LLC bought a new position in the First Trust Emerging Markets Local Currency Bond ETF in the first quarter at a value of approximately $10,281,000. Jane Street Group LLC increased its position in the First Trust Emerging Markets Local Currency Bond ETF by 803.9% in the first quarter. Jane Street Group LLC now owns 198,842 shares of the company worth $5,995,000 after acquiring an additional 176,844 shares in the last quarter. Royal Bank of Canada increased its position in First Trust Emerging Markets Local Currency Bond ETF by 274.2% in the first quarter. Royal Bank of Canada now owns 136,259 shares of the company worth $4,108,000 after acquiring an additional 99,845 shares last quarter. Geneos Wealth Management Inc. increased its position in the First Trust Emerging Markets Local Currency Bond ETF by 4.3% in the first quarter. Geneos Wealth Management Inc. now owns 24,258 shares of the company worth $731,000 after acquiring 999 additional shares last quarter. Finally, Echo Wealth Management LLC increased its position in the First Trust Emerging Markets Local Currency Bond ETF by 17.7% in the first quarter. Echo Wealth Management LLC now owns 59,951 shares of the company worth $1,774,000 after acquiring 9,020 additional shares last quarter.

NASDAQ: FEMB traded down $0.16 on Friday, hitting $28.46. 16,526 shares of the company were traded, against an average volume of 77,270. The stock has a 50-day simple moving average of $28.77 and a 200-day simple moving average of $30.27. The First Trust Emerging Markets Local Currency Bond ETF has a 12-month low of $27.14 and a 12-month high of $36.31.

The company also recently announced a monthly dividend, which will be paid on Tuesday, May 31. Shareholders of record on Wednesday, May 25 will receive a dividend of $0.14 per share. The ex-dividend date is Tuesday, May 24. This represents a dividend of $1.68 on an annualized basis and a dividend yield of 5.90%.

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