VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sees Significant Growth in Short Interest

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 June. As of June 30th, there was short interest totaling 995,931 shares, an increase of 117.7% from the June 15th total of 457,453 shares. Based on an average trading volume of 2,675,747 shares, the short-interest ratio is presently 0.4 days. Currently, 0.5% of the shares of the company are sold short.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.4%

EMLC stock opened at $25.45 on Friday. The firm’s fifty day simple moving average is $25.45 and its 200-day simple moving average is $25.71. VanEck J.P. Morgan EM Local Currency Bond ETF has a 12 month low of $24.80 and a 12 month high of $26.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ascentis Independent Advisors acquired a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the 1st quarter worth about $32,000. Silver Grove Financial Group Inc. purchased a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter worth about $52,000. IFP Advisors Inc boosted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% in the third quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock worth $84,000 after buying an additional 1,200 shares during the last quarter. CoreCap Advisors LLC grew its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 33.1% during the second quarter. CoreCap Advisors LLC now owns 4,075 shares of the company’s stock worth $104,000 after acquiring an additional 1,013 shares during the period. Finally, Farther Finance Advisors LLC raised its position 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 acquiring an additional 10,562 shares in the last quarter.

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.