VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Stock Short Interest Drops 51.2%

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 1,714,162 shares, a decline of 51.2% from the October 15th total of 3,510,941 shares. Based on an average daily volume of 2,360,127 shares, the short-interest ratio is presently 0.7 days. Currently, 0.9% of the company’s shares are sold short.

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

Large investors have recently modified their holdings of the stock. Continuum Advisory LLC purchased a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the second quarter valued at $31,000. Root Financial Partners LLC purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter worth about $59,000. CoreCap Advisors LLC lifted its holdings in 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 worth $104,000 after buying an additional 1,013 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 59.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,984 shares of the company’s stock worth $149,000 after buying an additional 2,225 shares during the last quarter. Finally, Pension & Wealth Management Advisors Inc. boosted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 3.0% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 26,180 shares of the company’s stock worth $650,000 after acquiring an additional 761 shares in the last quarter.

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

Shares of VanEck J.P. Morgan EM Local Currency Bond ETF stock traded down $0.04 during trading hours on Friday, hitting $24.37. The company’s stock had a trading volume of 1,928,187 shares, compared to its average volume of 3,203,326. VanEck J.P. Morgan EM Local Currency Bond ETF has a twelve month low of $24.34 and a twelve month high of $26.63. The firm has a fifty day moving average of $24.88 and a 200-day moving average of $25.45.

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.