VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Short Interest Down 70.0% in August

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,181,776 shares, a decrease of 70.0% from the August 15th total of 3,934,749 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 2,875,247 shares, the short-interest ratio is currently 0.4 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Payden & Rygel bought a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter worth about $62,884,000. TIAA Trust National Association raised its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 87.5% in the fourth quarter. TIAA Trust National Association now owns 1,953,251 shares of the company’s stock valued at $50,433,000 after buying an additional 911,546 shares during the last quarter. Shah Wealth Advisors LLC acquired a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the 2nd quarter worth $16,633,000. Madison Asset Management LLC boosted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 101.2% in the 1st quarter. Madison Asset Management LLC now owns 1,029,811 shares of the company’s stock valued at $25,859,000 after purchasing an additional 517,850 shares during the last quarter. Finally, ALM First Financial Advisors LLC grew its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 30.0% during the 2nd quarter. ALM First Financial Advisors LLC now owns 749,725 shares of the company’s stock worth $19,163,000 after acquiring an additional 173,090 shares during the period.

VanEck J.P. Morgan EM Local Currency Bond ETF Price Performance

Shares of EMLC traded down $0.20 during trading hours on Monday, reaching $25.24. 1,859,926 shares of the company’s stock traded hands, compared to its average volume of 3,396,531. VanEck J.P. Morgan EM Local Currency Bond ETF has a twelve month low of $24.80 and a twelve month high of $26.63. The business’s fifty day simple moving average is $25.54 and its two-hundred day simple moving average is $25.53.

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.