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

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 694,243 shares, a decline of 73.3% from the July 15th total of 2,597,229 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 1,520,806 shares, the short-interest ratio is currently 0.5 days.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Up 0.4%

NYSEARCA:EMLC traded up $0.09 on Thursday, reaching $25.68. The company’s stock had a trading volume of 330,028 shares, compared to its average volume of 3,515,543. 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. The business’s 50-day moving average price is $25.45 and its two-hundred day moving average price is $25.65.

Hedge Funds Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of EMLC. Betterment LLC raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 54.5% during the 2nd quarter. Betterment LLC now owns 58,285 shares of the company’s stock worth $1,478,000 after buying an additional 20,558 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 545.6% in the second quarter. Ameriprise Financial Inc. now owns 568,320 shares of the company’s stock valued at $14,407,000 after buying an additional 480,285 shares during the period. Fidelity D & D Bancorp Inc. boosted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 2.0% in the second quarter. Fidelity D & D Bancorp Inc. now owns 92,724 shares of the company’s stock valued at $2,351,000 after buying an additional 1,819 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 557.3% in the third quarter. BNP Paribas Financial Markets now owns 1,471,661 shares of the company’s stock valued at $37,542,000 after buying an additional 1,247,763 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 3,418.1% during the fourth quarter. Farther Finance Advisors LLC now owns 10,871 shares of the company’s stock worth $281,000 after acquiring an additional 10,562 shares in the last quarter.

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.