VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sees Significant Decrease in Short Interest

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,888,058 shares, a decrease of 67.9% from the April 15th total of 5,887,890 shares. Based on an average daily trading volume, of 3,266,128 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.0% of the shares of the company are short sold.

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

A number of large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 7.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 8,405 shares of the company’s stock worth $214,000 after purchasing an additional 592 shares during the period. Beacon Financial Group raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 4.3% in the 1st quarter. Beacon Financial Group now owns 16,742 shares of the company’s stock worth $420,000 after purchasing an additional 687 shares during the period. IFP Advisors Inc raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% in the 3rd quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock worth $84,000 after purchasing an additional 1,200 shares during the period. Ascentis Independent Advisors acquired a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the 1st quarter worth about $32,000. Finally, Evergreen Private Wealth LLC raised its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 2.4% in the 1st quarter. Evergreen Private Wealth LLC now owns 69,075 shares of the company’s stock worth $1,734,000 after purchasing an additional 1,607 shares during the period.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 1.0%

Shares of EMLC traded down $0.26 during mid-day trading on Friday, reaching $25.21. The company had a trading volume of 1,696,178 shares, compared to its average volume of 4,548,264. VanEck J.P. Morgan EM Local Currency Bond ETF has a 52-week low of $24.31 and a 52-week high of $26.63. The stock has a 50 day moving average of $25.48 and a two-hundred day moving average of $25.77.

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.