VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Short Interest Up 466.8% in August

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 3,934,749 shares, an increase of 466.8% from the July 30th total of 694,243 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily volume of 1,487,775 shares, the short-interest ratio is presently 2.6 days.

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

Shares of EMLC stock traded down $0.11 on Friday, reaching $25.66. 877,773 shares of the company were exchanged, compared to its average volume of 3,437,673. The business has a 50-day moving average price of $25.52 and a 200 day moving average price of $25.60. VanEck J.P. Morgan EM Local Currency Bond ETF has a 1 year low of $24.80 and a 1 year high of $26.63.

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

A number of large investors have recently made changes to their positions in the stock. Beacon Financial Group boosted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 4.3% during the first quarter. Beacon Financial Group now owns 16,742 shares of the company’s stock worth $420,000 after buying an additional 687 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 33.1% in the second quarter. CoreCap Advisors LLC now owns 4,075 shares of the company’s stock valued at $104,000 after purchasing an additional 1,013 shares during the period. Continuum Advisory LLC acquired a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter worth about $31,000. Ascentis Independent Advisors acquired a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the first quarter worth about $32,000. Finally, Evergreen Private Wealth LLC boosted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 2.4% in the 1st quarter. Evergreen Private Wealth LLC now owns 69,075 shares of the company’s stock valued at $1,734,000 after purchasing an additional 1,607 shares during the last quarter.

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.