VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Short Interest Update

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 9,838,050 shares, an increase of 72.7% from the December 31st total of 5,696,015 shares. Currently, 5.8% of the company’s shares are sold short. Based on an average daily volume of 2,861,384 shares, the short-interest ratio is presently 3.4 days. Based on an average daily volume of 2,861,384 shares, the short-interest ratio is presently 3.4 days. Currently, 5.8% of the company’s shares are sold short.

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

Shares of EMLC stock traded down $0.22 during trading hours on Friday, hitting $26.30. 4,592,999 shares of the company were exchanged, compared to its average volume of 4,154,360. The company has a 50 day simple moving average of $25.88 and a two-hundred day simple moving average of $25.55. VanEck J.P. Morgan EM Local Currency Bond ETF has a fifty-two week low of $23.00 and a fifty-two week high of $26.58.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of EMLC. Evergreen Private Wealth LLC raised its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 2.7% during the 4th quarter. Evergreen Private Wealth LLC now owns 67,468 shares of the company’s stock valued at $1,742,000 after purchasing an additional 1,766 shares during the last quarter. Farther Finance Advisors LLC raised its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 3,418.1% during the fourth quarter. Farther Finance Advisors LLC now owns 10,871 shares of the company’s stock valued at $281,000 after buying an additional 10,562 shares during the last quarter. Ethos Financial Group LLC raised its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 1,672.0% in the 4th quarter. Ethos Financial Group LLC now owns 296,407 shares of the company’s stock worth $7,653,000 after purchasing an additional 279,680 shares during the last quarter. Acima Private Wealth LLC raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 8.0% in the fourth quarter. Acima Private Wealth LLC now owns 323,432 shares of the company’s stock worth $8,351,000 after buying an additional 23,905 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 0.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 683,788 shares of the company’s stock worth $17,443,000 after acquiring an additional 4,769 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.