iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Short Interest Down 27.1% in January

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 806,602 shares, a drop of 27.1% from the January 15th total of 1,106,231 shares. Based on an average trading volume of 376,346 shares, the days-to-cover ratio is presently 2.1 days. Currently, 4.3% of the company’s stock are short sold. Currently, 4.3% of the company’s stock are short sold. Based on an average trading volume of 376,346 shares, the days-to-cover ratio is presently 2.1 days.

iShares J.P. Morgan EM Local Currency Bond ETF Stock Up 0.1%

Shares of iShares J.P. Morgan EM Local Currency Bond ETF stock traded up $0.03 on Friday, reaching $42.83. 152,657 shares of the company traded hands, compared to its average volume of 282,935. The company has a 50 day moving average of $42.04 and a 200 day moving average of $41.49. iShares J.P. Morgan EM Local Currency Bond ETF has a 52 week low of $36.35 and a 52 week high of $42.87.

Institutional Trading of iShares J.P. Morgan EM Local Currency Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 5.5% during the 4th quarter. Bank of New York Mellon Corp now owns 655,344 shares of the company’s stock valued at $27,243,000 after buying an additional 34,428 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 3.9% during the 4th quarter. Fisher Asset Management LLC now owns 10,254 shares of the company’s stock valued at $426,000 after acquiring an additional 382 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 172.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,629 shares of the company’s stock valued at $317,000 after acquiring an additional 4,825 shares during the period. Farther Finance Advisors LLC bought a new position in iShares J.P. Morgan EM Local Currency Bond ETF during the 4th quarter worth approximately $116,000. Finally, Lam Group Inc. increased its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 20.1% in the 4th quarter. Lam Group Inc. now owns 122,170 shares of the company’s stock worth $5,079,000 after purchasing an additional 20,455 shares during the period.

About iShares J.P. Morgan EM Local Currency Bond ETF

The iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value weighted index of sovereign debt denominated in issuers’ local currencies, with limits on country exposure. LEMB was launched on Oct 18, 2011 and is managed by BlackRock.