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

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,888,058 shares, a decline of 67.9% from the April 15th total of 5,887,890 shares. Based on an average daily trading volume, of 3,266,128 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.0% of the company’s stock are sold short.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 1.0%

EMLC stock traded down $0.26 on Friday, hitting $25.21. 1,696,178 shares of the company’s stock were exchanged, compared to its average volume of 4,548,264. VanEck J.P. Morgan EM Local Currency Bond ETF has a 12-month low of $24.31 and a 12-month high of $26.63. The firm has a 50 day moving average price of $25.48 and a two-hundred day moving average price of $25.77.

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

Several large investors have recently added to or reduced their stakes in the company. Madison Asset Management LLC boosted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 101.2% in the first quarter. Madison Asset Management LLC now owns 1,029,811 shares of the company’s stock worth $25,859,000 after buying an additional 517,850 shares during the last quarter. Ethos Financial Group LLC boosted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 9.7% in the first quarter. Ethos Financial Group LLC now owns 325,251 shares of the company’s stock worth $8,167,000 after buying an additional 28,844 shares during the last quarter. Beacon Financial Group boosted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 4.3% in the first quarter. Beacon Financial Group now owns 16,742 shares of the company’s stock worth $420,000 after buying an additional 687 shares during the last quarter. Evergreen Private Wealth LLC boosted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 2.4% in the first quarter. Evergreen Private Wealth LLC now owns 69,075 shares of the company’s stock worth $1,734,000 after buying an additional 1,607 shares during the last quarter. Finally, Collaborative Fund Advisors LLC purchased a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the first quarter worth about $3,579,000.

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.