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

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 694,243 shares, a decrease of 73.3% from the July 15th total of 2,597,229 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 1,520,806 shares, the short-interest ratio is presently 0.5 days.

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

EMLC stock traded up $0.09 during trading hours on Thursday, reaching $25.68. 330,028 shares of the stock were exchanged, compared to its average volume of 3,515,543. The firm’s 50-day moving average is $25.45 and its 200-day moving average is $25.65. VanEck J.P. Morgan EM Local Currency Bond ETF has a 12 month low of $24.80 and a 12 month high of $26.63.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Betterment LLC raised its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 54.5% in the 2nd quarter. Betterment LLC now owns 58,285 shares of the company’s stock valued at $1,478,000 after buying an additional 20,558 shares during the last quarter. Ameriprise Financial Inc. boosted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 545.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 568,320 shares of the company’s stock worth $14,407,000 after acquiring an additional 480,285 shares during the last quarter. Fidelity D & D Bancorp Inc. boosted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 2.0% during the 2nd quarter. Fidelity D & D Bancorp Inc. now owns 92,724 shares of the company’s stock worth $2,351,000 after acquiring an additional 1,819 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 557.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,471,661 shares of the company’s stock worth $37,542,000 after acquiring an additional 1,247,763 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 3,418.1% during the 4th quarter. Farther Finance Advisors LLC now owns 10,871 shares of the company’s stock worth $281,000 after acquiring an additional 10,562 shares in the last quarter.

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.