iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sees Large Drop in Short Interest

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 288,856 shares, a drop of 32.3% from the December 15th total of 426,513 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily trading volume, of 215,069 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily trading volume, of 215,069 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.9% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares J.P. Morgan EM Local Currency Bond ETF

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new stake in iShares J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter worth approximately $116,000. Rosenberg Matthew Hamilton increased its position in iShares J.P. Morgan EM Local Currency Bond ETF by 5.9% during the 4th quarter. Rosenberg Matthew Hamilton now owns 6,959 shares of the company’s stock worth $289,000 after buying an additional 387 shares during the period. Vicus Capital acquired a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the second quarter worth $583,000. Oak Family Advisors LLC bought a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF in the third quarter valued at about $997,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF in the second quarter valued at about $2,037,000.

iShares J.P. Morgan EM Local Currency Bond ETF Stock Down 0.1%

LEMB traded down $0.03 on Friday, reaching $41.77. The company had a trading volume of 976,227 shares, compared to its average volume of 314,693. iShares J.P. Morgan EM Local Currency Bond ETF has a fifty-two week low of $36.01 and a fifty-two week high of $42.30. The company’s fifty day moving average is $41.79 and its 200 day moving average is $41.18.

iShares J.P. Morgan EM Local Currency Bond ETF Company Profile

The iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value weighted index of sovereign debt denominated in issuers’ local currencies, with limits on country exposure. LEMB was launched on Oct 18, 2011 and is managed by BlackRock.