VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sees Large Volume Increase – Should You Buy?

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw unusually-strong trading volume on Tuesday . Approximately 1,932,233 shares traded hands during mid-day trading, an increase of 30% from the previous session’s volume of 1,485,763 shares.The stock last traded at $23.93 and had previously closed at $23.94.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.2 %

The stock’s fifty day simple moving average is $23.80 and its 200 day simple moving average is $23.82.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 1,365.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,319 shares of the company’s stock worth $30,000 after acquiring an additional 1,229 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the 4th quarter valued at $154,000. SVB Wealth LLC purchased a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter valued at about $286,000. Rossby Financial LCC purchased a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter valued at about $694,000. Finally, Betterment LLC boosted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 1.2% in the fourth quarter. Betterment LLC now owns 39,236 shares of the company’s stock worth $907,000 after buying an additional 473 shares during the period.

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.