Short Interest in VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Drops By 67.9%

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,888,058 shares, a decline of 67.9% from the April 15th total of 5,887,890 shares. Based on an average trading volume of 3,266,128 shares, the short-interest ratio is presently 0.6 days. Currently, 1.0% of the company’s shares are short sold.

Institutional Trading of VanEck J.P. Morgan EM Local Currency Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ascentis Independent Advisors purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the 1st quarter valued at about $32,000. Silver Grove Financial Group Inc. acquired a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the 4th quarter valued at about $52,000. Root Financial Partners LLC acquired a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter valued at about $72,000. IFP Advisors Inc grew its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% in the 3rd quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock valued at $84,000 after acquiring an additional 1,200 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 7.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 8,405 shares of the company’s stock valued at $214,000 after acquiring an additional 592 shares in the last quarter.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 1.0%

EMLC traded down $0.26 on Friday, hitting $25.21. The company had a trading volume of 1,696,178 shares, compared to its average volume of 4,548,264. VanEck J.P. Morgan EM Local Currency Bond ETF has a 1 year low of $24.31 and a 1 year high of $26.63. The company’s fifty day moving average price is $25.48 and its 200 day moving average price is $25.77.

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.