VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Short Interest Down 23.7% in February

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 February. As of February 27th, there was short interest totaling 7,504,832 shares, a decrease of 23.7% from the February 12th total of 9,841,646 shares. Approximately 4.1% of the company’s stock are short sold. Based on an average daily volume of 3,651,624 shares, the short-interest ratio is currently 2.1 days. Based on an average daily volume of 3,651,624 shares, the short-interest ratio is currently 2.1 days. Approximately 4.1% of the company’s stock are short sold.

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

NYSEARCA EMLC traded down $0.21 during mid-day trading on Friday, reaching $25.12. 4,226,123 shares of the company’s stock traded hands, compared to its average volume of 4,971,354. VanEck J.P. Morgan EM Local Currency Bond ETF has a 1-year low of $23.00 and a 1-year high of $26.63. The company has a fifty day simple moving average of $26.14 and a 200-day simple moving average of $25.75.

VanEck J.P. Morgan EM Local Currency Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1204 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%.

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

Institutional investors have recently added to or reduced their stakes in the stock. Payden & Rygel acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 4th quarter worth approximately $62,884,000. BNP Paribas Financial Markets lifted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 557.3% during the third quarter. BNP Paribas Financial Markets now owns 1,471,661 shares of the company’s stock worth $37,542,000 after purchasing an additional 1,247,763 shares during the last quarter. TIAA Trust National Association boosted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 87.5% in the fourth quarter. TIAA Trust National Association now owns 1,953,251 shares of the company’s stock worth $50,433,000 after purchasing an additional 911,546 shares during the period. JPMorgan Chase & Co. increased its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 37,249.8% during the second quarter. JPMorgan Chase & Co. now owns 679,019 shares of the company’s stock valued at $17,213,000 after purchasing an additional 677,201 shares during the last quarter. Finally, Madison Asset Management LLC acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the fourth quarter worth $13,219,000.

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.