VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Short Interest Down 23.7% in February

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the target of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 7,504,832 shares, a decrease of 23.7% from the February 12th total of 9,841,646 shares. Based on an average daily trading volume, of 3,651,624 shares, the short-interest ratio is presently 2.1 days. Approximately 4.1% of the shares of the company are short sold. Approximately 4.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,651,624 shares, the short-interest ratio is presently 2.1 days.

Institutional Investors Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

Several large investors have recently added to or reduced their stakes in EMLC. Payden & Rygel bought a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter valued at $62,884,000. BNP Paribas Financial Markets increased its holdings in shares of 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 worth $37,542,000 after acquiring an additional 1,247,763 shares during the period. TIAA Trust National Association lifted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 87.5% in the 4th quarter. TIAA Trust National Association now owns 1,953,251 shares of the company’s stock valued at $50,433,000 after purchasing an additional 911,546 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 37,249.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 679,019 shares of the company’s stock valued at $17,213,000 after purchasing an additional 677,201 shares during the period. Finally, Madison Asset Management LLC bought a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the 4th quarter worth about $13,219,000.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Performance

NYSEARCA EMLC traded down $0.21 during trading hours on Friday, reaching $25.12. The company’s stock had a trading volume of 4,226,123 shares, compared to its average volume of 4,971,354. The business has a 50-day simple moving average of $26.14 and a 200 day simple moving average of $25.75. VanEck J.P. Morgan EM Local Currency Bond ETF has a 52 week low of $23.00 and a 52 week high of $26.63.

VanEck J.P. Morgan EM Local Currency Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.1204 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.8%.

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.