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 significant drop in short interest during the month of 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. Approximately 4.3% of the shares of the stock are sold short. Based on an average trading volume of 376,346 shares, the days-to-cover ratio is presently 2.1 days. Based on an average trading volume of 376,346 shares, the days-to-cover ratio is presently 2.1 days. Approximately 4.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LEMB. Fisher Asset Management LLC boosted its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 3.9% in the 4th quarter. Fisher Asset Management LLC now owns 10,254 shares of the company’s stock valued at $426,000 after purchasing an additional 382 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 5.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 6,959 shares of the company’s stock valued at $289,000 after purchasing an additional 387 shares during the last quarter. Blue Edge Capital LLC boosted its position in iShares J.P. Morgan EM Local Currency Bond ETF by 2.4% in the second quarter. Blue Edge Capital LLC now owns 73,929 shares of the company’s stock valued at $2,986,000 after buying an additional 1,730 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the fourth quarter worth $116,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of iShares J.P. Morgan EM Local Currency Bond ETF during the third quarter worth $116,000.

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

NYSEARCA LEMB opened at $42.83 on Friday. The business has a fifty day moving average price of $42.04 and a two-hundred day moving average price of $41.47. iShares J.P. Morgan EM Local Currency Bond ETF has a fifty-two week low of $36.35 and a fifty-two week high of $42.87.

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.