VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Short Interest Down 73.3% in July

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 July. As of July 31st, there was short interest totaling 694,243 shares, a decrease of 73.3% from the July 15th total of 2,597,229 shares. Based on an average daily trading volume, of 1,520,806 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the shares of the company are short sold.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.0%

VanEck J.P. Morgan EM Local Currency Bond ETF stock traded down $0.01 during midday trading on Friday, hitting $25.64. 1,205,768 shares of the company were exchanged, compared to its average volume of 3,504,251. VanEck J.P. Morgan EM Local Currency Bond ETF has a fifty-two week low of $24.80 and a fifty-two week high of $26.63. The business has a fifty day simple moving average of $25.47 and a two-hundred day simple moving average of $25.64.

Institutional Investors Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

Several hedge funds have recently bought and sold shares of EMLC. Ascentis Independent Advisors acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the 1st quarter worth approximately $32,000. Silver Grove Financial Group Inc. acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 4th quarter valued at $52,000. CoreCap Advisors LLC boosted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 33.1% during the second quarter. CoreCap Advisors LLC now owns 4,075 shares of the company’s stock worth $104,000 after buying an additional 1,013 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in 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 worth $281,000 after buying an additional 10,562 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 32.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 11,122 shares of the company’s stock valued at $287,000 after buying an additional 2,717 shares during the period.

VanEck J.P. Morgan EM Local Currency Bond ETF Company Profile

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.