iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sees Large Decline in Short Interest

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 138,166 shares, a decrease of 24.1% from the March 31st total of 182,155 shares. Based on an average daily volume of 151,893 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.8% of the shares of the company are sold short.

iShares J.P. Morgan EM Local Currency Bond ETF Trading Down 0.8%

Shares of NYSEARCA:LEMB traded down $0.35 on Wednesday, hitting $41.60. The company’s stock had a trading volume of 106,922 shares, compared to its average volume of 315,115. iShares J.P. Morgan EM Local Currency Bond ETF has a 12 month low of $38.40 and a 12 month high of $43.12. The stock’s 50-day moving average is $41.73 and its two-hundred day moving average is $41.82.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LEMB. Ameriprise Financial Inc. raised its position in iShares J.P. Morgan EM Local Currency Bond ETF by 34.8% during the second quarter. Ameriprise Financial Inc. now owns 50,779 shares of the company’s stock valued at $2,051,000 after buying an additional 13,115 shares during the period. Blue Edge Capital LLC increased its position in iShares J.P. Morgan EM Local Currency Bond ETF by 2.4% in the 2nd quarter. Blue Edge Capital LLC now owns 73,929 shares of the company’s stock worth $2,986,000 after purchasing an additional 1,730 shares during the last quarter. Foster & Motley Inc. increased its position in iShares J.P. Morgan EM Local Currency Bond ETF by 47.9% in the 3rd quarter. Foster & Motley Inc. now owns 198,705 shares of the company’s stock worth $8,189,000 after purchasing an additional 64,329 shares during the last quarter. Lam Group Inc. increased its position in iShares J.P. Morgan EM Local Currency Bond ETF by 19.7% in the 3rd quarter. Lam Group Inc. now owns 101,715 shares of the company’s stock worth $4,192,000 after purchasing an additional 16,720 shares during the last quarter. Finally, Oak Family Advisors LLC acquired a new position in iShares J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter worth about $997,000.

About iShares J.P. Morgan EM Local Currency Bond ETF

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.