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

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 457,453 shares, a drop of 72.7% from the May 31st total of 1,677,526 shares. Based on an average daily trading volume, of 2,148,624 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

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

Shares of VanEck J.P. Morgan EM Local Currency Bond ETF stock traded up $0.06 on Monday, reaching $25.59. The stock had a trading volume of 1,375,920 shares, compared to its average volume of 4,035,322. The company has a 50 day moving average price of $25.51 and a 200 day moving average price of $25.74. 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.

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

Large investors have recently made changes to their positions in the business. Payden & Rygel purchased a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 4th quarter valued at $62,884,000. BNP Paribas Financial Markets boosted its holdings 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 acquiring an additional 1,247,763 shares in the last quarter. TIAA Trust National Association grew its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 87.5% during the fourth quarter. TIAA Trust National Association now owns 1,953,251 shares of the company’s stock worth $50,433,000 after acquiring an additional 911,546 shares during the last quarter. Madison Asset Management LLC grew its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 101.2% during the first quarter. Madison Asset Management LLC now owns 1,029,811 shares of the company’s stock worth $25,859,000 after acquiring an additional 517,850 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 545.6% during the second quarter. Ameriprise Financial Inc. now owns 568,320 shares of the company’s stock worth $14,407,000 after acquiring an additional 480,285 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.