Short Interest in VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Grows By 72.7%

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 9,838,050 shares, a growth of 72.7% from the December 31st total of 5,696,015 shares. Approximately 5.8% of the shares of the company are sold short. Based on an average daily volume of 2,861,384 shares, the short-interest ratio is presently 3.4 days. Based on an average daily volume of 2,861,384 shares, the short-interest ratio is presently 3.4 days. Approximately 5.8% of the shares of the company are sold short.

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

NYSEARCA EMLC traded down $0.22 during trading on Friday, hitting $26.30. 4,592,999 shares of the company’s stock traded hands, compared to its average volume of 4,154,360. VanEck J.P. Morgan EM Local Currency Bond ETF has a 12-month low of $23.00 and a 12-month high of $26.58. The business has a 50 day moving average of $25.88 and a 200-day moving average of $25.55.

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

A number of large investors have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 2nd quarter valued at approximately $41,000. Root Financial Partners LLC purchased a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the third quarter worth approximately $72,000. IFP Advisors Inc lifted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% during the 3rd quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock valued at $84,000 after buying an additional 1,200 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 7.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 8,405 shares of the company’s stock worth $214,000 after buying an additional 592 shares during the period. Finally, Patrick Mauro Investment Advisor INC. bought a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the third quarter valued at approximately $270,000.

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.