VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sees Large Increase in Short Interest

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 995,931 shares, an increase of 117.7% from the June 15th total of 457,453 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 2,675,747 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

Several hedge funds have recently modified their holdings of EMLC. Ascentis Independent Advisors acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the first quarter valued at approximately $32,000. Silver Grove Financial Group Inc. purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the 4th quarter worth approximately $52,000. IFP Advisors Inc raised its holdings 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 during the last quarter. CoreCap Advisors LLC raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 33.1% in the 2nd quarter. CoreCap Advisors LLC now owns 4,075 shares of the company’s stock valued at $104,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 3,418.1% during the 4th quarter. Farther Finance Advisors LLC now owns 10,871 shares of the company’s stock worth $281,000 after purchasing an additional 10,562 shares during the period.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Performance

NYSEARCA:EMLC traded up $0.07 during mid-day trading on Wednesday, hitting $25.55. 483,552 shares of the company’s stock traded hands, compared to its average volume of 3,833,366. The firm’s 50 day simple moving average is $25.46 and its 200 day simple moving average is $25.72. VanEck J.P. Morgan EM Local Currency Bond ETF has a 1 year low of $24.80 and a 1 year high of $26.63.

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

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.