VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Short Interest Up 466.8% in August

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 3,934,749 shares, a growth of 466.8% from the July 30th total of 694,243 shares. Approximately 2.1% of the company’s stock are short sold. Based on an average daily volume of 1,487,775 shares, the short-interest ratio is currently 2.6 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Shah Wealth Advisors LLC bought a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the 2nd quarter worth approximately $16,633,000. Continuum Advisory LLC bought a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 2nd quarter valued at approximately $31,000. ALM First Financial Advisors LLC raised its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 30.0% during the 2nd quarter. ALM First Financial Advisors LLC now owns 749,725 shares of the company’s stock valued at $19,163,000 after acquiring an additional 173,090 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 33.1% during the 2nd quarter. CoreCap Advisors LLC now owns 4,075 shares of the company’s stock valued at $104,000 after acquiring an additional 1,013 shares in the last quarter. Finally, Acima Private Wealth LLC raised its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 1.9% during the 2nd quarter. Acima Private Wealth LLC now owns 329,409 shares of the company’s stock valued at $8,420,000 after acquiring an additional 6,113 shares in the last quarter.

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

Shares of EMLC stock traded down $0.06 during trading hours on Thursday, hitting $25.77. 3,788,396 shares of the company were exchanged, compared to its average volume of 3,455,638. VanEck J.P. Morgan EM Local Currency Bond ETF has a one year low of $24.80 and a one year high of $26.63. The business’s 50-day simple moving average is $25.52 and its two-hundred day simple moving average is $25.60.

VanEck J.P. Morgan EM Local Currency Bond ETF Company Profile

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.