VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC – Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,181,776 shares, a drop of 70.0% from the August 15th total of 3,934,749 shares. Based on an average trading volume of 2,875,247 shares, the short-interest ratio is currently 0.4 days. Approximately 0.6% of the shares of the company are sold short.
VanEck J.P. Morgan EM Local Currency Bond ETF Trading Down 0.1%
Shares of VanEck J.P. Morgan EM Local Currency Bond ETF stock traded down $0.02 on Friday, hitting $25.44. 2,140,965 shares of the company’s stock were exchanged, compared to its average volume of 3,405,364. The company has a 50-day simple moving average of $25.54 and a 200-day simple moving average of $25.54. VanEck J.P. Morgan EM Local Currency Bond ETF has a 1 year low of $24.80 and a 1 year high of $26.63.
Hedge Funds Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF
Several institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Okasan Asset Management Co.Ltd. bought a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the fourth quarter valued at about $2,804,000. TIAA Trust National Association boosted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 87.5% in the fourth quarter. TIAA Trust National Association now owns 1,953,251 shares of the company’s stock worth $50,433,000 after purchasing an additional 911,546 shares during the period. Waterloo Capital L.P. increased its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 101.4% in the 4th quarter. Waterloo Capital L.P. now owns 218,905 shares of the company’s stock worth $5,652,000 after buying an additional 110,237 shares in the last quarter. Shah Wealth Advisors LLC purchased a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter worth about $16,633,000. Finally, Ethos Financial Group LLC raised its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 9.7% during the first quarter. Ethos Financial Group LLC now owns 325,251 shares of the company’s stock valued at $8,167,000 after buying an additional 28,844 shares during the last quarter.
About VanEck J.P. Morgan EM Local Currency Bond ETF
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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