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 decrease in short interest in the month of December. As of December 31st, there was short interest totaling 288,856 shares, a decrease of 32.3% from the December 15th total of 426,513 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 215,069 shares, the short-interest ratio is presently 1.3 days. Based on an average daily trading volume, of 215,069 shares, the short-interest ratio is presently 1.3 days. Currently, 1.9% of the shares of the stock are short sold.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in LEMB. Rosenberg Matthew Hamilton boosted its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 5.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 6,959 shares of the company’s stock worth $289,000 after purchasing an additional 387 shares during the period. Blue Edge Capital LLC lifted its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 2.4% in the second quarter. Blue Edge Capital LLC now owns 73,929 shares of the company’s stock worth $2,986,000 after buying an additional 1,730 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the third quarter worth $116,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 6.3% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 61,400 shares of the company’s stock worth $2,478,000 after acquiring an additional 3,619 shares during the last quarter. Finally, Flow Traders U.S. LLC grew its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 16.9% during the third quarter. Flow Traders U.S. LLC now owns 58,956 shares of the company’s stock valued at $2,430,000 after acquiring an additional 8,534 shares in the last quarter.

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

NYSEARCA:LEMB traded down $0.03 on Friday, reaching $41.77. 976,227 shares of the company’s stock traded hands, compared to its average volume of 314,693. The stock has a 50-day simple moving average of $41.79 and a 200-day simple moving average of $41.19. iShares J.P. Morgan EM Local Currency Bond ETF has a 12 month low of $36.01 and a 12 month high of $42.30.

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.