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

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 2,671,650 shares, an increase of 58.3% from the November 30th total of 1,687,857 shares. Based on an average daily volume of 2,656,768 shares, the short-interest ratio is presently 1.0 days. Currently, 1.7% of the company’s shares are short sold. Currently, 1.7% of the company’s shares are short sold. Based on an average daily volume of 2,656,768 shares, the short-interest ratio is presently 1.0 days.

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

Hedge funds have recently modified their holdings of the company. TIAA Trust National Association raised its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 171.9% in the 2nd quarter. TIAA Trust National Association now owns 868,662 shares of the company’s stock worth $22,021,000 after acquiring an additional 549,202 shares during the last quarter. ORG Partners LLC increased its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 301.0% in the second quarter. ORG Partners LLC now owns 1,259 shares of the company’s stock valued at $32,000 after purchasing an additional 945 shares during the period. JPMorgan Chase & Co. raised its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 37,249.8% in the second quarter. JPMorgan Chase & Co. now owns 679,019 shares of the company’s stock worth $17,213,000 after purchasing an additional 677,201 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter worth about $41,000. Finally, SVB Wealth LLC purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the third quarter valued at approximately $605,000.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Up 0.3%

NYSEARCA:EMLC opened at $25.82 on Wednesday. VanEck J.P. Morgan EM Local Currency Bond ETF has a 1-year low of $22.94 and a 1-year high of $26.01. The company has a 50-day moving average of $25.62 and a 200 day moving average of $25.40.

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.