Short Interest in VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Declines By 73.3%

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 694,243 shares, a decline of 73.3% from the July 15th total of 2,597,229 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 1,520,806 shares, the days-to-cover ratio is currently 0.5 days.

VanEck J.P. Morgan EM Local Currency Bond ETF Trading Down 0.0%

NYSEARCA EMLC traded down $0.01 on Friday, hitting $25.64. 1,205,768 shares of the stock traded hands, compared to its average volume of 3,504,251. The stock has a 50-day moving average of $25.47 and a 200 day moving average of $25.64. VanEck J.P. Morgan EM Local Currency Bond ETF has a twelve month low of $24.80 and a twelve month high of $26.63.

Hedge Funds Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

Several large investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the first quarter valued at $32,000. Silver Grove Financial Group Inc. acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the fourth quarter worth $52,000. CoreCap Advisors LLC lifted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 33.1% in the 2nd quarter. CoreCap Advisors LLC now owns 4,075 shares of the company’s stock worth $104,000 after buying an additional 1,013 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 3,418.1% in the 4th quarter. Farther Finance Advisors LLC now owns 10,871 shares of the company’s stock worth $281,000 after buying an additional 10,562 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 32.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 11,122 shares of the company’s stock valued at $287,000 after buying an additional 2,717 shares during the period.

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.