Short Interest in VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Declines By 72.7%

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 457,453 shares, a decline of 72.7% from the May 31st total of 1,677,526 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,148,624 shares, the short-interest ratio is presently 0.2 days.

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

Shares of VanEck J.P. Morgan EM Local Currency Bond ETF stock opened at $25.53 on Friday. The firm’s 50-day moving average price is $25.52 and its two-hundred day moving average price is $25.74. VanEck J.P. Morgan EM Local Currency Bond ETF has a 1-year low of $24.80 and a 1-year high of $26.63.

Institutional Investors Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

Large investors have recently bought and sold shares of the business. Stillwater Private Wealth LLC acquired a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the 1st quarter valued at $685,000. Arkadios Wealth Advisors acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the first quarter valued at $1,319,000. Madison Asset Management LLC lifted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 101.2% during the 1st quarter. Madison Asset Management LLC now owns 1,029,811 shares of the company’s stock valued at $25,859,000 after purchasing an additional 517,850 shares during the period. Ethos Financial Group LLC boosted its stake 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. Finally, Beacon Financial Group boosted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 4.3% in the 1st quarter. Beacon Financial Group now owns 16,742 shares of the company’s stock worth $420,000 after purchasing an additional 687 shares during the last quarter.

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.