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) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 3,934,749 shares, a growth of 466.8% from the July 30th total of 694,243 shares. Approximately 2.1% of the shares of the company are short sold. Based on an average daily volume of 1,487,775 shares, the days-to-cover ratio is presently 2.6 days.

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

A number of large investors have recently modified their holdings of EMLC. Continuum Advisory LLC acquired a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the 2nd quarter valued at about $31,000. Ascentis Independent Advisors acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the first quarter valued at approximately $32,000. Silver Grove Financial Group Inc. acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter valued at approximately $52,000. CoreCap Advisors LLC increased its stake 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. Finally, Farther Finance Advisors LLC raised its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 3,418.1% during the fourth quarter. Farther Finance Advisors LLC now owns 10,871 shares of the company’s stock valued at $281,000 after buying an additional 10,562 shares during the last quarter.

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

Shares of EMLC opened at $25.91 on Wednesday. The stock has a fifty day moving average price of $25.51 and a 200 day moving average price of $25.61. VanEck J.P. Morgan EM Local Currency Bond ETF has a 12 month low of $24.80 and a 12 month high of $26.63.

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.