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

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 173,909 shares, an increase of 86.5% from the July 30th total of 93,251 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 77,145 shares, the days-to-cover ratio is currently 2.3 days.

Hedge Funds Weigh In On iShares J.P. Morgan EM Local Currency Bond ETF

A number of hedge funds have recently modified their holdings of LEMB. Nilsine Partners LLC increased its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 2.6% in the 2nd quarter. Nilsine Partners LLC now owns 36,296 shares of the company’s stock worth $1,540,000 after buying an additional 919 shares in the last quarter. Lam Group Inc. boosted its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 6.8% in the 2nd quarter. Lam Group Inc. now owns 142,385 shares of the company’s stock worth $6,041,000 after purchasing an additional 9,105 shares during the period. Arkadios Wealth Advisors bought a new position in iShares J.P. Morgan EM Local Currency Bond ETF during the first quarter valued at $270,000. EverSource Wealth Advisors LLC increased its position in iShares J.P. Morgan EM Local Currency Bond ETF by 39.6% during the first quarter. EverSource Wealth Advisors LLC now owns 10,653 shares of the company’s stock valued at $435,000 after acquiring an additional 3,024 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 20.4% in the first quarter. Bank of New York Mellon Corp now owns 788,747 shares of the company’s stock valued at $32,181,000 after acquiring an additional 133,403 shares during the period.

iShares J.P. Morgan EM Local Currency Bond ETF Stock Down 0.6%

Shares of LEMB stock traded down $0.24 during trading hours on Friday, reaching $43.04. 89,132 shares of the company traded hands, compared to its average volume of 221,098. The firm has a 50-day moving average price of $42.66 and a 200 day moving average price of $42.17. iShares J.P. Morgan EM Local Currency Bond ETF has a 12-month low of $40.35 and a 12-month high of $43.46.

iShares J.P. Morgan EM Local Currency Bond ETF Company Profile

The iShares J.P. Morgan EM Local Currency Bond ETF (LEMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value weighted index of sovereign debt denominated in issuers’ local currencies, with limits on country exposure. LEMB was launched on Oct 18, 2011 and is managed by BlackRock.