VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Short Interest Up 58.3% in December

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 2,671,650 shares, a growth of 58.3% from the November 30th total of 1,687,857 shares. Based on an average daily volume of 2,656,768 shares, the short-interest ratio is presently 1.0 days. Currently, 1.7% of the company’s shares are sold short. Currently, 1.7% of the company’s shares are sold short. Based on an average daily volume of 2,656,768 shares, the short-interest ratio is presently 1.0 days.

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

Shares of EMLC traded up $0.09 during mid-day trading on Tuesday, hitting $25.83. 1,052,587 shares of the company’s stock were exchanged, compared to its average volume of 2,383,451. The stock’s 50-day moving average is $25.61 and its 200-day moving average is $25.39. VanEck J.P. Morgan EM Local Currency Bond ETF has a fifty-two week low of $22.94 and a fifty-two week high of $26.01.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EMLC. BNP Paribas Financial Markets boosted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 557.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,471,661 shares of the company’s stock valued at $37,542,000 after purchasing an additional 1,247,763 shares during the period. TIAA Trust National Association increased its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 19.9% in the 3rd quarter. TIAA Trust National Association now owns 1,041,705 shares of the company’s stock valued at $26,574,000 after acquiring an additional 173,043 shares during the period. JPMorgan Chase & Co. boosted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 0.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 683,788 shares of the company’s stock worth $17,443,000 after purchasing an additional 4,769 shares during the period. Ameriprise Financial Inc. grew its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 11.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 631,612 shares of the company’s stock worth $16,106,000 after purchasing an additional 63,292 shares during the last quarter. Finally, Acima Private Wealth LLC increased its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 8.1% in the third quarter. Acima Private Wealth LLC now owns 299,527 shares of the company’s stock valued at $7,641,000 after purchasing an additional 22,461 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.