VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Short Interest Up 329.3% in April

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 5,887,890 shares, a growth of 329.3% from the March 31st total of 1,371,423 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily trading volume, of 3,389,123 shares, the short-interest ratio is currently 1.7 days.

Institutional Trading of VanEck J.P. Morgan EM Local Currency Bond ETF

A number of institutional investors have recently bought and sold shares of EMLC. Payden & Rygel purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the 4th quarter worth about $62,884,000. BNP Paribas Financial Markets lifted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 557.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,471,661 shares of the company’s stock worth $37,542,000 after buying an additional 1,247,763 shares during the last quarter. TIAA Trust National Association lifted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 87.5% during the 4th quarter. TIAA Trust National Association now owns 1,953,251 shares of the company’s stock worth $50,433,000 after buying an additional 911,546 shares during the last quarter. Madison Asset Management LLC purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the 4th quarter worth about $13,219,000. Finally, Ameriprise Financial Inc. lifted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 545.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 568,320 shares of the company’s stock worth $14,407,000 after buying an additional 480,285 shares during the last quarter.

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

Shares of NYSEARCA EMLC opened at $25.74 on Monday. The business has a 50-day moving average of $25.69 and a two-hundred day moving average of $25.76. VanEck J.P. Morgan EM Local Currency Bond ETF has a 1 year low of $24.19 and a 1 year 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.