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

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 577,634 shares, a growth of 177.3% from the August 31st total of 208,294 shares. Based on an average trading volume of 124,275 shares, the short-interest ratio is presently 4.6 days. Approximately 3.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 20.4% in the first quarter. Bank of New York Mellon Corp now owns 788,747 shares of the company’s stock worth $32,181,000 after purchasing an additional 133,403 shares in the last quarter. Foster & Motley Inc. boosted its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 14.9% in the first quarter. Foster & Motley Inc. now owns 255,579 shares of the company’s stock valued at $10,428,000 after purchasing an additional 33,111 shares during the period. Lam Group Inc. increased its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 6.8% during the second quarter. Lam Group Inc. now owns 142,385 shares of the company’s stock valued at $6,041,000 after buying an additional 9,105 shares during the period. Nilsine Partners LLC raised its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 2.6% in the second quarter. Nilsine Partners LLC now owns 36,296 shares of the company’s stock worth $1,540,000 after purchasing an additional 919 shares in the last quarter. Finally, Vicus Capital lifted its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 26.5% during the 1st quarter. Vicus Capital now owns 33,324 shares of the company’s stock valued at $1,360,000 after purchasing an additional 6,980 shares during the last quarter.

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

LEMB stock opened at $42.14 on Tuesday. The firm has a 50 day moving average of $42.85 and a 200-day moving average of $42.22. iShares J.P. Morgan EM Local Currency Bond ETF has a 12 month low of $40.35 and a 12 month 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.