Short Interest in iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Decreases By 57.5%

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 343,030 shares, a decrease of 57.5% from the January 29th total of 806,602 shares. Approximately 1.8% of the shares of the company are short sold. Based on an average trading volume of 224,014 shares, the days-to-cover ratio is presently 1.5 days. Based on an average trading volume of 224,014 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.8% of the shares of the company are short sold.

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

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the 4th quarter valued at approximately $116,000. EverSource Wealth Advisors LLC acquired a new position in iShares J.P. Morgan EM Local Currency Bond ETF during the third quarter worth $116,000. Rosenberg Matthew Hamilton raised its position in iShares J.P. Morgan EM Local Currency Bond ETF by 5.9% during the fourth quarter. Rosenberg Matthew Hamilton now owns 6,959 shares of the company’s stock worth $289,000 after acquiring an additional 387 shares during the period. Fisher Asset Management LLC lifted its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 3.9% during the fourth quarter. Fisher Asset Management LLC now owns 10,254 shares of the company’s stock valued at $426,000 after purchasing an additional 382 shares in the last quarter. Finally, Oak Family Advisors LLC acquired a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF in the third quarter valued at about $997,000.

iShares J.P. Morgan EM Local Currency Bond ETF Trading Up 0.1%

NYSEARCA LEMB traded up $0.03 on Friday, reaching $42.96. 704,736 shares of the company’s stock traded hands, compared to its average volume of 314,473. iShares J.P. Morgan EM Local Currency Bond ETF has a fifty-two week low of $36.35 and a fifty-two week high of $43.12. The stock has a 50 day moving average price of $42.20 and a 200-day moving average price of $41.65.

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.