Short Interest in iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Expands By 83.0%

iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 168,500 shares, a growth of 83.0% from the August 31st total of 92,100 shares. Based on an average daily volume of 77,300 shares, the short-interest ratio is presently 2.2 days. Based on an average daily volume of 77,300 shares, the short-interest ratio is presently 2.2 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vicus Capital purchased a new position in iShares J.P. Morgan EM Local Currency Bond ETF in the second quarter valued at about $583,000. Flow Traders U.S. LLC purchased a new position in iShares J.P. Morgan EM Local Currency Bond ETF in the second quarter valued at about $2,037,000. Lam Group Inc. grew its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 27.4% in the first quarter. Lam Group Inc. now owns 54,625 shares of the company’s stock valued at $2,046,000 after purchasing an additional 11,735 shares during the last quarter. Ameriprise Financial Inc. grew its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 34.8% in the second quarter. Ameriprise Financial Inc. now owns 50,779 shares of the company’s stock valued at $2,051,000 after purchasing an additional 13,115 shares during the last quarter. Finally, Foster & Motley Inc. grew its stake in iShares J.P. Morgan EM Local Currency Bond ETF by 27.4% in the first quarter. Foster & Motley Inc. now owns 63,647 shares of the company’s stock valued at $2,384,000 after purchasing an additional 13,695 shares during the last quarter.

iShares J.P. Morgan EM Local Currency Bond ETF Trading Up 0.0%

LEMB opened at $41.28 on Friday. The business’s 50-day moving average is $40.79 and its two-hundred day moving average is $39.60. iShares J.P. Morgan EM Local Currency Bond ETF has a 1 year low of $35.70 and a 1 year high of $41.65.

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

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.