VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC – Get Free Report) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 1,888,058 shares, a decline of 67.9% from the April 15th total of 5,887,890 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average trading volume of 3,266,128 shares, the short-interest ratio is presently 0.6 days.
VanEck J.P. Morgan EM Local Currency Bond ETF Stock Performance
NYSEARCA EMLC traded down $0.26 during midday trading on Friday, hitting $25.21. The company had a trading volume of 1,696,178 shares, compared to its average volume of 4,548,264. The firm has a fifty day simple moving average of $25.48 and a two-hundred day simple moving average of $25.77. VanEck J.P. Morgan EM Local Currency Bond ETF has a fifty-two week low of $24.31 and a fifty-two week high of $26.63.
Hedge Funds Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF
Hedge funds have recently made changes to their positions in the business. Ascentis Independent Advisors acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 1st quarter valued at $32,000. Silver Grove Financial Group Inc. acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter valued at $52,000. Root Financial Partners LLC acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the third quarter valued at $72,000. IFP Advisors Inc raised its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% in the third quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock valued at $84,000 after buying an additional 1,200 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 7.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 8,405 shares of the company’s stock worth $214,000 after buying an additional 592 shares in the last quarter.
About VanEck J.P. Morgan EM Local Currency Bond ETF
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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