VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sees Large Volume Increase – Here’s What Happened

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw an uptick in trading volume on Monday. 2,855,959 shares were traded during mid-day trading, a decline of 12% from the average daily volume of 3,232,051 shares. The stock last traded at $24.5950 and had previously closed at $24.80.

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

The stock’s 50 day moving average price is $25.18 and its 200-day moving average price is $25.55.

Institutional Trading of VanEck J.P. Morgan EM Local Currency Bond ETF

A number of hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC bought a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter valued at $59,000. Pension & Wealth Management Advisors Inc. lifted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 3.0% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 26,180 shares of the company’s stock worth $650,000 after purchasing an additional 761 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 59.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,984 shares of the company’s stock worth $149,000 after purchasing an additional 2,225 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 865.9% during the 3rd quarter. CoreCap Advisors LLC now owns 39,361 shares of the company’s stock worth $977,000 after purchasing an additional 35,286 shares during the last quarter. Finally, Shah Wealth Advisors LLC bought a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter valued at about $16,633,000.

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.