VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Shares Shorted: Short Interest Up 92.2% in September

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,586,631 shares, a growth of 92.2% from the September 15th total of 1,345,558 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 2,397,621 shares, the days-to-cover ratio is presently 1.1 days.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.2%

VanEck J.P. Morgan EM Local Currency Bond ETF stock traded down $0.06 during midday trading on Friday, reaching $24.89. The company’s stock had a trading volume of 2,195,932 shares, compared to its average volume of 3,278,065. The business has a 50-day simple moving average of $25.31 and a 200-day simple moving average of $25.42. VanEck J.P. Morgan EM Local Currency Bond ETF has a fifty-two week low of $24.46 and a fifty-two week high of $26.63.

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

Several hedge funds and other institutional investors have recently made changes to their positions in EMLC. Pension & Wealth Management Advisors Inc. boosted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 3.0% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 26,180 shares of the company’s stock valued at $650,000 after purchasing an additional 761 shares in the last quarter. Farther Finance Advisors LLC increased its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 59.2% in the third quarter. Farther Finance Advisors LLC now owns 5,984 shares of the company’s stock valued at $149,000 after purchasing an additional 2,225 shares during the last quarter. CoreCap Advisors LLC raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 865.9% during the third quarter. CoreCap Advisors LLC now owns 39,361 shares of the company’s stock worth $977,000 after purchasing an additional 35,286 shares in the last quarter. Shah Wealth Advisors LLC acquired a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter worth approximately $16,633,000. Finally, Continuum Advisory LLC acquired a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter worth approximately $31,000.

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.