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) was the recipient of a significant decrease in short interest in 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. Based on an average daily trading volume, of 147,481 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.7% of the shares of the stock are sold short.

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

A number of large investors have recently modified their holdings of the business. Rosenberg Matthew Hamilton lifted its stake in 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 worth $347,000 after purchasing an additional 874 shares during the last quarter. Nilsine Partners LLC increased its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 2.6% during the 2nd quarter. Nilsine Partners LLC now owns 36,296 shares of the company’s stock valued at $1,540,000 after purchasing an additional 919 shares during the last quarter. NFSG Corp purchased a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter valued at about $49,000. EverSource Wealth Advisors LLC lifted its position in iShares J.P. Morgan EM Local Currency Bond ETF by 39.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,653 shares of the company’s stock worth $435,000 after buying an additional 3,024 shares during the last quarter. Finally, Lam Group Inc. lifted its position in iShares J.P. Morgan EM Local Currency Bond ETF by 2.5% in the 3rd quarter. Lam Group Inc. now owns 145,925 shares of the company’s stock worth $6,165,000 after buying an additional 3,540 shares during the last quarter.

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

Shares of LEMB stock traded down $0.04 during trading hours on Friday, reaching $41.99. The stock had a trading volume of 64,720 shares, compared to its average volume of 211,888. The stock’s fifty day simple moving average is $42.62 and its 200 day simple moving average is $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.

About iShares J.P. Morgan EM Local Currency Bond ETF

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.