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

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 577,634 shares, an increase of 177.3% from the August 31st total of 208,294 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average trading volume of 124,275 shares, the short-interest ratio is currently 4.6 days.

Hedge Funds Weigh In On iShares J.P. Morgan EM Local Currency Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of LEMB. Nilsine Partners LLC boosted its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 2.6% during the second quarter. Nilsine Partners LLC now owns 36,296 shares of the company’s stock worth $1,540,000 after purchasing an additional 919 shares in the last quarter. Lam Group Inc. raised its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 6.8% in the second quarter. Lam Group Inc. now owns 142,385 shares of the company’s stock valued at $6,041,000 after purchasing an additional 9,105 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in iShares J.P. Morgan EM Local Currency Bond ETF in the 1st quarter valued at $270,000. EverSource Wealth Advisors LLC increased its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 39.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,653 shares of the company’s stock worth $435,000 after purchasing an additional 3,024 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in iShares J.P. Morgan EM Local Currency Bond ETF by 20.4% during the first quarter. Bank of New York Mellon Corp now owns 788,747 shares of the company’s stock worth $32,181,000 after acquiring an additional 133,403 shares in the last quarter.

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

Shares of NYSEARCA:LEMB traded down $0.25 during midday trading on Monday, reaching $42.20. The company’s stock had a trading volume of 25,518 shares, compared to its average volume of 216,692. iShares J.P. Morgan EM Local Currency Bond ETF has a fifty-two week low of $40.35 and a fifty-two week high of $43.46. The business’s fifty day simple moving average is $42.86 and its 200-day simple moving average is $42.22.

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.