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

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 3,010,000 shares, a decrease of 37.4% from the September 30th total of 4,810,000 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average trading volume of 2,441,900 shares, the short-interest ratio is currently 1.2 days. Based on an average trading volume of 2,441,900 shares, the short-interest ratio is currently 1.2 days. Approximately 1.9% of the shares of the company are short sold.

Institutional Trading of VanEck J.P. Morgan EM Local Currency Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 37,249.8% in the second quarter. JPMorgan Chase & Co. now owns 679,019 shares of the company’s stock worth $17,213,000 after buying an additional 677,201 shares during the period. TIAA Trust National Association lifted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 171.9% in the 2nd quarter. TIAA Trust National Association now owns 868,662 shares of the company’s stock worth $22,021,000 after purchasing an additional 549,202 shares during the period. Ameriprise Financial Inc. increased its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 545.6% during the second quarter. Ameriprise Financial Inc. now owns 568,320 shares of the company’s stock valued at $14,407,000 after buying an additional 480,285 shares during the period. OLD Mission Capital LLC purchased a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the first quarter worth about $10,159,000. Finally, ALM First Financial Advisors LLC grew its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 5.9% during the 1st quarter. ALM First Financial Advisors LLC now owns 527,748 shares of the company’s stock worth $12,592,000 after acquiring an additional 29,330 shares during the period.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.5%

Shares of EMLC traded down $0.12 during mid-day trading on Monday, reaching $25.37. 1,626,101 shares of the stock traded hands, compared to its average volume of 2,471,916. The firm has a fifty day moving average price of $25.45 and a 200 day moving average price of $25.07. VanEck J.P. Morgan EM Local Currency Bond ETF has a 1 year low of $22.94 and a 1 year high of $25.80.

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.