VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Shares Shorted: Short Interest Up 92.2% in September

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 2,586,631 shares, an increase of 92.2% from the September 15th total of 1,345,558 shares. Approximately 1.3% of the shares of the 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 Investors Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Madison Asset Management LLC lifted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 101.2% in the 1st quarter. Madison Asset Management LLC now owns 1,029,811 shares of the company’s stock valued at $25,859,000 after acquiring an additional 517,850 shares during the last quarter. ALM First Financial Advisors LLC boosted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 30.0% during the 2nd quarter. ALM First Financial Advisors LLC now owns 749,725 shares of the company’s stock valued at $19,163,000 after purchasing an additional 173,090 shares in the last quarter. Shah Wealth Advisors LLC bought a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 2nd quarter valued at about $16,633,000. Acima Private Wealth LLC grew its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 1.9% in the 2nd quarter. Acima Private Wealth LLC now owns 329,409 shares of the company’s stock worth $8,420,000 after purchasing an additional 6,113 shares during the last quarter. Finally, Ethos Financial Group LLC grew its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 9.7% in the 1st quarter. Ethos Financial Group LLC now owns 325,251 shares of the company’s stock worth $8,167,000 after purchasing an additional 28,844 shares during the last quarter.

VanEck J.P. Morgan EM Local Currency Bond ETF Trading Down 0.4%

EMLC stock traded down $0.09 during trading hours on Wednesday, hitting $24.83. 3,503,886 shares of the stock traded hands, compared to its average volume of 3,290,481. The stock has a 50-day simple moving average of $25.33 and a 200 day simple moving average of $25.42. VanEck J.P. Morgan EM Local Currency Bond ETF has a one year low of $24.46 and a one year high of $26.63.

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

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.