VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC – Get Free Report) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 995,931 shares, an increase of 117.7% from the June 15th total of 457,453 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 2,675,747 shares, the days-to-cover ratio is currently 0.4 days.
VanEck J.P. Morgan EM Local Currency Bond ETF Price Performance
NYSEARCA EMLC traded up $0.07 during trading hours on Wednesday, hitting $25.55. 483,552 shares of the company were exchanged, compared to its average volume of 3,833,366. The company has a 50 day moving average of $25.46 and a two-hundred day moving average of $25.72. 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 Investors Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. Payden & Rygel acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter valued at approximately $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 worth $50,433,000 after purchasing an additional 911,546 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 557.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,471,661 shares of the company’s stock valued at $37,542,000 after purchasing an additional 1,247,763 shares in the last quarter. Madison Asset Management LLC increased its position in 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 purchasing an additional 517,850 shares during the period. Finally, ALM First Financial Advisors LLC lifted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 30.0% in the 2nd quarter. ALM First Financial Advisors LLC now owns 749,725 shares of the company’s stock valued at $19,163,000 after buying an additional 173,090 shares during the period.
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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