VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC – Get Free Report) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 457,453 shares, a drop of 72.7% from the May 31st total of 1,677,526 shares. Based on an average daily volume of 2,148,624 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.
VanEck J.P. Morgan EM Local Currency Bond ETF Trading Up 0.3%
Shares of NYSEARCA EMLC traded up $0.08 during trading hours on Friday, hitting $25.53. The stock had a trading volume of 1,836,609 shares, compared to its average volume of 4,057,273. The firm’s 50-day moving average price is $25.52 and its two-hundred day moving average price is $25.74. VanEck J.P. Morgan EM Local Currency Bond ETF has a 52 week low of $24.80 and a 52 week high of $26.63.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of EMLC. Payden & Rygel acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 4th quarter valued at $62,884,000. TIAA Trust National Association raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 87.5% during the fourth quarter. TIAA Trust National Association now owns 1,953,251 shares of the company’s stock valued at $50,433,000 after buying an additional 911,546 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 557.3% in the third quarter. BNP Paribas Financial Markets now owns 1,471,661 shares of the company’s stock worth $37,542,000 after buying an additional 1,247,763 shares during the last quarter. Madison Asset Management LLC boosted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 101.2% during the 1st quarter. Madison Asset Management LLC now owns 1,029,811 shares of the company’s stock worth $25,859,000 after acquiring an additional 517,850 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 0.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 683,788 shares of the company’s stock worth $17,443,000 after acquiring an additional 4,769 shares in the last quarter.
VanEck J.P. Morgan EM Local Currency Bond ETF Company Profile
Market Vectors Emerging Markets Local Currency Bond ETF (the Fund) seeks to replicate as closely as possible, the price and yield performance of the J.P. Morgan GBI-EMG Core Index (the Index). The Index provides direct exposure to local currency bonds issued by emerging market governments. The Index tracks regularly traded, liquid, fixed-rate, domestic currency debt issues by emerging market governments. The Fund invests at least 80% of its total assets in securities that comprise the Index. The Fund may also utilize convertible securities and derivative instruments, such as swaps, options, warrants, futures contracts, currency forwards, structured notes and participation notes to seek performance that corresponds to the Index.
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