iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Sees Large Growth in Short Interest

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 1,106,231 shares, a growth of 283.0% from the December 31st total of 288,856 shares. Based on an average trading volume of 248,575 shares, the days-to-cover ratio is currently 4.5 days. Approximately 6.3% of the shares of the company are short sold. Approximately 6.3% of the shares of the company are short sold. Based on an average trading volume of 248,575 shares, the days-to-cover ratio is currently 4.5 days.

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

Shares of NYSEARCA LEMB traded down $0.08 during midday trading on Wednesday, reaching $42.63. 539,528 shares of the company traded hands, compared to its average volume of 318,313. The stock has a 50-day moving average price of $41.87 and a 200 day moving average price of $41.29. iShares J.P. Morgan EM Local Currency Bond ETF has a 52 week low of $36.35 and a 52 week high of $42.74.

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

Several hedge funds have recently bought and sold shares of the business. Foster & Motley Inc. lifted its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 12.0% in the fourth quarter. Foster & Motley Inc. now owns 222,468 shares of the company’s stock worth $9,248,000 after buying an additional 23,763 shares during the last quarter. Lam Group Inc. lifted its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 20.1% in the 4th quarter. Lam Group Inc. now owns 122,170 shares of the company’s stock worth $5,079,000 after purchasing an additional 20,455 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% during the second quarter. Blue Edge Capital LLC now owns 73,929 shares of the company’s stock worth $2,986,000 after purchasing an additional 1,730 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 8.3% during the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 66,472 shares of the company’s stock valued at $2,737,000 after purchasing an additional 5,072 shares during the last quarter. Finally, Flow Traders U.S. LLC raised its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 16.9% in the third quarter. Flow Traders U.S. LLC now owns 58,956 shares of the company’s stock valued at $2,430,000 after purchasing an additional 8,534 shares during the period.

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.