VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sees Unusually-High Trading Volume

Shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw strong trading volume on Wednesday . 1,641,757 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 1,412,668 shares.The stock last traded at $23.76 and had previously closed at $23.66.

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

The firm’s 50-day simple moving average is $24.61 and its two-hundred day simple moving average is $24.61.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Retirement Investment Advisors Inc. lifted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 23.3% in the third quarter. Retirement Investment Advisors Inc. now owns 444,475 shares of the company’s stock worth $10,610,000 after purchasing an additional 84,127 shares in the last quarter. Manning & Napier Group LLC acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 4th quarter worth about $24,092,000. Confluence Wealth Services Inc. bought a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 4th quarter valued at about $424,000. Janney Montgomery Scott LLC increased its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 3.7% in the third quarter. Janney Montgomery Scott LLC now owns 87,282 shares of the company’s stock valued at $2,083,000 after acquiring an additional 3,139 shares during the last quarter. Finally, Summit Financial LLC raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 13.6% during the third quarter. Summit Financial LLC now owns 29,224 shares of the company’s stock worth $698,000 after acquiring an additional 3,508 shares in the last quarter.

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.