Market Vectors Emerging Mkts Local ETF (EMLC) Short Interest Down 45.0% in January

Market Vectors Emerging Mkts Local ETF (NYSEARCA:EMLC) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 1,677,892 shares, a decline of 45.0% from the January 12th total of 3,052,052 shares. Based on an average daily volume of 5,475,322 shares, the short-interest ratio is presently 0.3 days.

Market Vectors Emerging Mkts Local ETF (NYSEARCA EMLC) opened at $19.56 on Thursday. Market Vectors Emerging Mkts Local ETF has a one year low of $17.83 and a one year high of $19.91.

The firm also recently announced a monthly dividend, which was paid on Wednesday, February 7th. Shareholders of record on Friday, February 2nd were given a $0.0868 dividend. This is a positive change from Market Vectors Emerging Mkts Local ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $1.04 dividend on an annualized basis and a yield of 5.33%.

A number of large investors have recently modified their holdings of EMLC. Catalyst Capital Advisors LLC purchased a new position in Market Vectors Emerging Mkts Local ETF in the 4th quarter worth about $114,000. Advisor Group Inc. raised its position in Market Vectors Emerging Mkts Local ETF by 223.1% in the 4th quarter. Advisor Group Inc. now owns 11,050 shares of the company’s stock worth $209,000 after buying an additional 7,630 shares during the last quarter. Virtu Financial LLC purchased a new position in Market Vectors Emerging Mkts Local ETF in the 4th quarter worth about $260,000. Bbva Compass Bancshares Inc. purchased a new position in Market Vectors Emerging Mkts Local ETF in the 4th quarter worth about $294,000. Finally, Whittier Trust Co. raised its position in Market Vectors Emerging Mkts Local ETF by 27,164.4% in the 4th quarter. Whittier Trust Co. now owns 16,086 shares of the company’s stock worth $305,000 after buying an additional 16,027 shares during the last quarter.

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Market Vectors Emerging Mkts Local 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.

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