Short Interest in VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Declines By 23.7%

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 7,504,832 shares, a decrease of 23.7% from the February 12th total of 9,841,646 shares. Based on an average daily volume of 3,651,624 shares, the short-interest ratio is currently 2.1 days. Approximately 4.1% of the shares of the stock are short sold. Approximately 4.1% of the shares of the stock are short sold. Based on an average daily volume of 3,651,624 shares, the short-interest ratio is currently 2.1 days.

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

Shares of EMLC traded down $0.21 during mid-day trading on Friday, hitting $25.12. 4,226,123 shares of the company traded hands, compared to its average volume of 4,971,354. The business has a 50-day moving average of $26.14 and a 200 day moving average of $25.76. VanEck J.P. Morgan EM Local Currency Bond ETF has a one year low of $23.00 and a one year high of $26.63.

VanEck J.P. Morgan EM Local Currency Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1204 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 5.8%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Payden & Rygel acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the fourth quarter valued at $62,884,000. TIAA Trust National Association increased its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 87.5% in the fourth quarter. TIAA Trust National Association now owns 1,953,251 shares of the company’s stock worth $50,433,000 after purchasing an additional 911,546 shares during the period. BNP Paribas Financial Markets increased its position in 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 worth $37,542,000 after purchasing an additional 1,247,763 shares during the period. JPMorgan Chase & Co. raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 0.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 683,788 shares of the company’s stock worth $17,443,000 after purchasing an additional 4,769 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 11.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 631,612 shares of the company’s stock worth $16,106,000 after purchasing an additional 63,292 shares during 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. 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.