VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC – Get Free Report) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 967,791 shares, a decline of 87.1% from the February 26th total of 7,504,832 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 7,169,511 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 7,169,511 shares, the short-interest ratio is currently 0.1 days. Approximately 0.5% of the company’s stock are sold short.
VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.8%
VanEck J.P. Morgan EM Local Currency Bond ETF stock traded down $0.21 during midday trading on Tuesday, reaching $25.05. 5,743,261 shares of the company traded hands, compared to its average volume of 5,208,474. VanEck J.P. Morgan EM Local Currency Bond ETF has a 12 month low of $23.00 and a 12 month high of $26.63. The business has a 50 day moving average of $26.04 and a two-hundred day moving average of $25.76.
VanEck J.P. Morgan EM Local Currency Bond ETF Cuts Dividend
The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1204 dividend. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Monday, March 2nd.
Hedge Funds Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF
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.
Further Reading
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