VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,181,776 shares, a drop of 70.0% from the August 15th total of 3,934,749 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 2,875,247 shares, the short-interest ratio is presently 0.4 days.
Institutional Investors Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Beacon Financial Group raised its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 4.3% in the 1st quarter. Beacon Financial Group now owns 16,742 shares of the company’s stock valued at $420,000 after purchasing an additional 687 shares in the last quarter. CoreCap Advisors LLC increased its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 33.1% in the second quarter. CoreCap Advisors LLC now owns 4,075 shares of the company’s stock valued at $104,000 after buying an additional 1,013 shares during the last quarter. Continuum Advisory LLC acquired a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter valued at approximately $31,000. Ascentis Independent Advisors acquired a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the first quarter valued at approximately $32,000. Finally, Evergreen Private Wealth LLC grew its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 2.4% in the 1st quarter. Evergreen Private Wealth LLC now owns 69,075 shares of the company’s stock worth $1,734,000 after acquiring an additional 1,607 shares in the last quarter.
VanEck J.P. Morgan EM Local Currency Bond ETF Trading Down 0.1%
EMLC traded down $0.02 during trading hours on Friday, reaching $25.44. The company’s stock had a trading volume of 2,140,965 shares, compared to its average volume of 3,405,364. VanEck J.P. Morgan EM Local Currency Bond ETF has a fifty-two week low of $24.80 and a fifty-two week high of $26.63. The business’s 50-day moving average is $25.54 and its 200-day moving average is $25.53.
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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