VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Short Interest Update

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 995,931 shares, a growth of 117.7% from the June 15th total of 457,453 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 2,675,747 shares, the short-interest ratio is currently 0.4 days.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.4%

NYSEARCA EMLC traded down $0.09 on Thursday, reaching $25.45. The stock had a trading volume of 1,231,082 shares, compared to its average volume of 3,815,400. The stock has a fifty day moving average price of $25.46 and a two-hundred day moving average price of $25.72. 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.

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

Several hedge funds have recently bought and sold shares of the company. Betterment LLC grew its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 54.5% in the 2nd quarter. Betterment LLC now owns 58,285 shares of the company’s stock valued at $1,478,000 after acquiring an additional 20,558 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 545.6% during the second quarter. Ameriprise Financial Inc. now owns 568,320 shares of the company’s stock worth $14,407,000 after purchasing an additional 480,285 shares in the last quarter. Fidelity D & D Bancorp Inc. boosted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 2.0% in the second quarter. Fidelity D & D Bancorp Inc. now owns 92,724 shares of the company’s stock valued at $2,351,000 after purchasing an additional 1,819 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 557.3% in the third quarter. BNP Paribas Financial Markets now owns 1,471,661 shares of the company’s stock valued at $37,542,000 after purchasing an additional 1,247,763 shares during the period. Finally, IFP Advisors Inc grew its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% in the third quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock valued at $84,000 after purchasing an additional 1,200 shares in the last quarter.

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.