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

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 138,166 shares, a decrease of 24.1% from the March 31st total of 182,155 shares. Based on an average daily volume of 151,893 shares, the short-interest ratio is presently 0.9 days. Currently, 0.8% of the company’s stock are short sold.

iShares J.P. Morgan EM Local Currency Bond ETF Stock Performance

LEMB stock traded down $0.35 during mid-day trading on Wednesday, hitting $41.60. The stock had a trading volume of 106,922 shares, compared to its average volume of 315,115. The company has a fifty day moving average of $41.73 and a 200 day moving average of $41.82. iShares J.P. Morgan EM Local Currency Bond ETF has a 1-year low of $38.40 and a 1-year high of $43.12.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 5.5% during the 4th quarter. Bank of New York Mellon Corp now owns 655,344 shares of the company’s stock valued at $27,243,000 after acquiring an additional 34,428 shares during the last quarter. Foster & Motley Inc. increased its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 14.9% during the 1st quarter. Foster & Motley Inc. now owns 255,579 shares of the company’s stock valued at $10,428,000 after acquiring an additional 33,111 shares during the last quarter. Lam Group Inc. increased its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 9.1% during the 1st quarter. Lam Group Inc. now owns 133,280 shares of the company’s stock valued at $5,438,000 after acquiring an additional 11,110 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 22.1% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 81,195 shares of the company’s stock valued at $3,384,000 after acquiring an additional 14,723 shares during the last quarter. Finally, Blue Edge Capital LLC lifted its position in shares of iShares J.P. Morgan EM Local Currency Bond ETF by 2.4% in the 2nd quarter. Blue Edge Capital LLC now owns 73,929 shares of the company’s stock worth $2,986,000 after acquiring an additional 1,730 shares during the period.

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.