VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Short Interest Up 72.7% in January

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 9,838,050 shares, a growth of 72.7% from the December 31st total of 5,696,015 shares. Approximately 5.8% of the company’s stock are short sold. Based on an average trading volume of 2,861,384 shares, the days-to-cover ratio is currently 3.4 days. Based on an average trading volume of 2,861,384 shares, the days-to-cover ratio is currently 3.4 days. Approximately 5.8% of the company’s stock are short sold.

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

VanEck J.P. Morgan EM Local Currency Bond ETF stock traded down $0.22 during trading hours on Friday, reaching $26.30. The stock had a trading volume of 4,592,999 shares, compared to its average volume of 4,154,360. The business’s 50 day moving average price is $25.88 and its 200-day moving average price is $25.55. VanEck J.P. Morgan EM Local Currency Bond ETF has a 52 week low of $23.00 and a 52 week high of $26.58.

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

Several hedge funds have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the second quarter valued at approximately $41,000. Root Financial Partners LLC purchased a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the third quarter valued at about $72,000. IFP Advisors Inc increased its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% during the third quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock worth $84,000 after purchasing an additional 1,200 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 7.6% during the third quarter. SBI Securities Co. Ltd. now owns 8,405 shares of the company’s stock worth $214,000 after purchasing an additional 592 shares during the period. Finally, Patrick Mauro Investment Advisor INC. acquired a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter valued at about $270,000.

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.