iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Short Interest Update

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 173,909 shares, a growth of 86.5% from the July 30th total of 93,251 shares. Based on an average trading volume of 77,145 shares, the short-interest ratio is currently 2.3 days. Currently, 1.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC bought a new position in iShares J.P. Morgan EM Local Currency Bond ETF during the 4th quarter worth $116,000. Arkadios Wealth Advisors bought a new stake in iShares J.P. Morgan EM Local Currency Bond ETF in the first quarter valued at $270,000. EverSource Wealth Advisors LLC lifted its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 172.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,629 shares of the company’s stock valued at $317,000 after buying an additional 4,825 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 3.9% during the fourth quarter. Fisher Asset Management LLC now owns 10,254 shares of the company’s stock valued at $426,000 after acquiring an additional 382 shares during the period. Finally, Keystone Global Partners LLC acquired a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the first quarter valued at $957,000.

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

Shares of LEMB stock opened at $43.08 on Tuesday. The business has a 50 day moving average of $42.67 and a two-hundred day moving average of $42.17. iShares J.P. Morgan EM Local Currency Bond ETF has a 52 week low of $40.35 and a 52 week high of $43.46.

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.