iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Stock Short Interest Drops 54.8%

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 304,159 shares, a drop 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 company’s shares are short sold.

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 company’s stock had a trading volume of 64,720 shares, compared to its average volume of 211,888. iShares J.P. Morgan EM Local Currency Bond ETF has a one year low of $40.35 and a one year high of $43.46. The firm’s fifty day simple moving average is $42.62 and its 200 day simple moving average is $42.26.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LEMB. Lam Group Inc. increased its position in iShares J.P. Morgan EM Local Currency Bond ETF by 2.5% during the 3rd quarter. Lam Group Inc. now owns 145,925 shares of the company’s stock valued at $6,165,000 after purchasing an additional 3,540 shares during the period. NFSG Corp bought a new position in iShares J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter worth $49,000. Rosenberg Matthew Hamilton lifted its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 11.9% in the 3rd 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 period. Nilsine Partners LLC lifted its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 2.6% in the 2nd quarter. Nilsine Partners LLC now owns 36,296 shares of the company’s stock worth $1,540,000 after purchasing an additional 919 shares during the period. Finally, Arkadios Wealth Advisors purchased a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF in the 1st quarter worth about $270,000.

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.