iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Stock Short Interest Falls 54.8%

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 304,159 shares, a decrease of 54.8% from the September 30th total of 672,191 shares. Currently, 1.7% of the company’s shares are short sold. Based on an average trading volume of 147,481 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Keystone Global Partners LLC bought a new stake in iShares J.P. Morgan EM Local Currency Bond ETF in the 1st quarter worth $957,000. Bank of New York Mellon Corp increased its position 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 valued at $32,181,000 after acquiring an additional 133,403 shares during the period. Lam Group Inc. increased its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 2.5% in the third quarter. Lam Group Inc. now owns 145,925 shares of the company’s stock valued at $6,165,000 after acquiring an additional 3,540 shares during the period. NFSG Corp bought a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the third quarter valued at about $49,000. Finally, Rosenberg Matthew Hamilton raised its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 11.9% during the third quarter. Rosenberg Matthew Hamilton now owns 8,208 shares of the company’s stock valued at $347,000 after acquiring an additional 874 shares during the last quarter.

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

LEMB traded down $0.04 on Friday, hitting $41.99. 64,720 shares of the company were exchanged, compared to its average volume of 211,888. The firm has a fifty day simple moving average of $42.62 and a two-hundred day simple moving average of $42.26. 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.