VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sees Unusually-High Trading Volume – Time to Buy?

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw an uptick in trading volume on Monday. 2,855,959 shares traded hands during mid-day trading, a decline of 12% from the previous session’s volume of 3,232,051 shares. The stock last traded at $24.5950 and had previously closed at $24.80.

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

The firm’s 50-day moving average is $25.22 and its 200 day moving average is $25.41.

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

Institutional investors have recently made changes to their positions in the stock. Shah Wealth Advisors LLC acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 2nd quarter worth $16,633,000. CoreCap Advisors LLC raised its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 865.9% in the 3rd quarter. CoreCap Advisors LLC now owns 39,361 shares of the company’s stock worth $977,000 after buying an additional 35,286 shares during the period. Ethos Financial Group LLC boosted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 9.7% in the first quarter. Ethos Financial Group LLC now owns 325,251 shares of the company’s stock valued at $8,167,000 after acquiring an additional 28,844 shares during the last quarter. Madison Asset Management LLC boosted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 101.2% in the first quarter. Madison Asset Management LLC now owns 1,029,811 shares of the company’s stock valued at $25,859,000 after acquiring an additional 517,850 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the first quarter valued at $1,319,000.

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.