Short Interest in VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Expands By 466.8%

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 3,934,749 shares, a growth of 466.8% from the July 30th total of 694,243 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average trading volume of 1,487,775 shares, the days-to-cover ratio is currently 2.6 days.

VanEck J.P. Morgan EM Local Currency Bond ETF Trading Up 0.3%

Shares of NYSEARCA EMLC opened at $25.91 on Wednesday. VanEck J.P. Morgan EM Local Currency Bond ETF has a 12-month low of $24.80 and a 12-month high of $26.63. The stock has a fifty day moving average price of $25.51 and a 200 day moving average price of $25.61.

Institutional Investors Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

A number of large investors have recently modified their holdings of EMLC. Beacon Financial Group lifted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 4.3% during the first quarter. Beacon Financial Group now owns 16,742 shares of the company’s stock worth $420,000 after purchasing an additional 687 shares during the last quarter. CoreCap Advisors LLC lifted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 33.1% during the second quarter. CoreCap Advisors LLC now owns 4,075 shares of the company’s stock worth $104,000 after purchasing an additional 1,013 shares during the last quarter. Continuum Advisory LLC bought a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter worth $31,000. 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. Finally, Evergreen Private Wealth LLC grew its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 2.4% during the 1st quarter. Evergreen Private Wealth LLC now owns 69,075 shares of the company’s stock valued at $1,734,000 after buying an additional 1,607 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.