VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sees Strong Trading Volume – Time to Buy?

Shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw unusually-strong trading volume on Wednesday . Approximately 2,645,737 shares were traded during mid-day trading, an increase of 77% from the previous session’s volume of 1,495,213 shares.The stock last traded at $23.60 and had previously closed at $23.44.

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

The company’s 50 day simple moving average is $23.48 and its 200 day simple moving average is $24.17.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Continuum Advisory LLC boosted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 11.6% during the third quarter. Continuum Advisory LLC now owns 6,907 shares of the company’s stock valued at $163,000 after purchasing an additional 717 shares in the last quarter. Captrust Financial Advisors purchased a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the third quarter valued at $310,000. Fidelity D & D Bancorp Inc. lifted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 16.4% during the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 68,390 shares of the company’s stock valued at $1,737,000 after buying an additional 9,631 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 29.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 128,558 shares of the company’s stock valued at $3,265,000 after buying an additional 29,254 shares in the last quarter. Finally, ALM First Financial Advisors LLC increased its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 6.7% in the third quarter. ALM First Financial Advisors LLC now owns 410,794 shares of the company’s stock worth $10,434,000 after purchasing an additional 25,794 shares during the last quarter.

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.