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 significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 457,453 shares, a decline of 72.7% from the May 31st total of 1,677,526 shares. Based on an average trading volume of 2,148,624 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

VanEck J.P. Morgan EM Local Currency Bond ETF Trading Up 0.3%

NYSEARCA:EMLC opened at $25.53 on Friday. VanEck J.P. Morgan EM Local Currency Bond ETF has a one year low of $24.80 and a one year high of $26.63. The company has a fifty day moving average price of $25.52 and a 200 day moving average price of $25.74.

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

Several hedge funds have recently made changes to their positions in EMLC. TIAA Trust National Association raised 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 acquiring an additional 173,043 shares in the last quarter. Acima Private Wealth LLC grew its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 8.0% during the 4th quarter. Acima Private Wealth LLC now owns 323,432 shares of the company’s stock worth $8,351,000 after purchasing an additional 23,905 shares in the last quarter. FSA Advisors Inc. acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 4th quarter worth approximately $3,293,000. Madison Asset Management LLC bought a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the fourth quarter valued at approximately $13,219,000. Finally, SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the fourth quarter valued at approximately $2,804,000.

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.