VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,586,631 shares, a growth of 92.2% from the September 15th total of 1,345,558 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 2,397,621 shares, the days-to-cover ratio is currently 1.1 days.
Institutional Trading of VanEck J.P. Morgan EM Local Currency Bond ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 59.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,984 shares of the company’s stock valued at $149,000 after acquiring an additional 2,225 shares in the last quarter. CoreCap Advisors LLC increased its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 865.9% during the third quarter. CoreCap Advisors LLC now owns 39,361 shares of the company’s stock worth $977,000 after buying an additional 35,286 shares during the last quarter. Shah Wealth Advisors LLC purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter worth about $16,633,000. Continuum Advisory LLC purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter worth about $31,000. Finally, ALM First Financial Advisors LLC raised its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 30.0% in the second quarter. ALM First Financial Advisors LLC now owns 749,725 shares of the company’s stock worth $19,163,000 after acquiring an additional 173,090 shares during the period.
VanEck J.P. Morgan EM Local Currency Bond ETF Trading Up 0.5%
Shares of NYSEARCA:EMLC traded up $0.12 during midday trading on Thursday, hitting $24.95. 1,907,574 shares of the company’s stock were exchanged, compared to its average volume of 3,283,520. The stock has a 50 day moving average price of $25.31 and a 200-day moving average price of $25.42. VanEck J.P. Morgan EM Local Currency Bond ETF has a 12 month low of $24.46 and a 12 month high of $26.63.
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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