VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sees Significant Decline in Short Interest

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLCGet Free Report) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 967,791 shares, a decline of 87.1% from the February 26th total of 7,504,832 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 7,169,511 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 7,169,511 shares, the short-interest ratio is currently 0.1 days. Approximately 0.5% of the company’s stock are sold short.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.8%

VanEck J.P. Morgan EM Local Currency Bond ETF stock traded down $0.21 during midday trading on Tuesday, reaching $25.05. 5,743,261 shares of the company traded hands, compared to its average volume of 5,208,474. VanEck J.P. Morgan EM Local Currency Bond ETF has a 12 month low of $23.00 and a 12 month high of $26.63. The business has a 50 day moving average of $26.04 and a two-hundred day moving average of $25.76.

VanEck J.P. Morgan EM Local Currency Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1204 dividend. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 37,249.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 679,019 shares of the company’s stock valued at $17,213,000 after acquiring an additional 677,201 shares during the last quarter. Betterment LLC grew its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 54.5% during the second quarter. Betterment LLC now owns 58,285 shares of the company’s stock valued at $1,478,000 after purchasing an additional 20,558 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 545.6% in the second quarter. Ameriprise Financial Inc. now owns 568,320 shares of the company’s stock worth $14,407,000 after purchasing an additional 480,285 shares during the last quarter. Fidelity D & D Bancorp Inc. increased its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 2.0% in the second quarter. Fidelity D & D Bancorp Inc. now owns 92,724 shares of the company’s stock worth $2,351,000 after purchasing an additional 1,819 shares during the last quarter. Finally, 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 worth about $41,000.

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

(Get Free Report)

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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