iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Stock Short Interest Falls 54.8%

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 304,159 shares, a decrease of 54.8% from the September 30th total of 672,191 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily volume of 147,481 shares, the short-interest ratio is presently 2.1 days.

iShares J.P. Morgan EM Local Currency Bond ETF Trading Down 0.1%

NYSEARCA LEMB traded down $0.04 on Friday, hitting $41.99. The company’s stock had a trading volume of 64,720 shares, compared to its average volume of 211,888. iShares J.P. Morgan EM Local Currency Bond ETF has a 52-week low of $40.35 and a 52-week high of $43.46. The company’s 50-day simple moving average is $42.62 and its 200 day simple moving average is $42.26.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NFSG Corp purchased a new stake in iShares J.P. Morgan EM Local Currency Bond ETF in the third quarter worth $49,000. Arkadios Wealth Advisors bought a new stake in iShares J.P. Morgan EM Local Currency Bond ETF in the first quarter valued at $270,000. Rosenberg Matthew Hamilton increased its position in iShares J.P. Morgan EM Local Currency Bond ETF by 11.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 8,208 shares of the company’s stock valued at $347,000 after purchasing an additional 874 shares during the period. EverSource Wealth Advisors LLC increased its position in iShares J.P. Morgan EM Local Currency Bond ETF by 39.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,653 shares of the company’s stock valued at $435,000 after purchasing an additional 3,024 shares during the period. Finally, Keystone Global Partners LLC purchased a new position in iShares J.P. Morgan EM Local Currency Bond ETF during the 1st quarter valued at $957,000.

About iShares J.P. Morgan EM Local Currency Bond ETF

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.