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) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 2,671,650 shares, an increase of 58.3% from the November 30th total of 1,687,857 shares. Based on an average trading volume of 2,656,768 shares, the short-interest ratio is currently 1.0 days. Currently, 1.7% of the shares of the company are short sold. Currently, 1.7% of the shares of the company are short sold. Based on an average trading volume of 2,656,768 shares, the short-interest ratio is currently 1.0 days.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Up 0.0%

EMLC stock opened at $25.99 on Monday. VanEck J.P. Morgan EM Local Currency Bond ETF has a one year low of $22.94 and a one year high of $26.01. The company has a fifty day moving average price of $25.61 and a two-hundred day moving average price of $25.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EMLC. IFP Advisors Inc lifted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% during the 3rd quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock valued at $84,000 after acquiring an additional 1,200 shares during the period. Ameriprise Financial Inc. raised its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 11.1% in the third quarter. Ameriprise Financial Inc. now owns 631,612 shares of the company’s stock valued at $16,106,000 after purchasing an additional 63,292 shares in the last quarter. Patrick Mauro Investment Advisor INC. bought a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the third quarter worth about $270,000. BNP Paribas Financial Markets grew its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 557.3% during the third quarter. BNP Paribas Financial Markets now owns 1,471,661 shares of the company’s stock worth $37,542,000 after buying an additional 1,247,763 shares in the last quarter. Finally, TIAA Trust National Association increased its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 19.9% in the 3rd quarter. TIAA Trust National Association now owns 1,041,705 shares of the company’s stock valued at $26,574,000 after buying an additional 173,043 shares during the period.

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.