VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Shares Shorted: Short Interest Up 92.2% in September

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 2,586,631 shares, a growth of 92.2% from the September 15th total of 1,345,558 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 2,397,621 shares, the short-interest ratio is presently 1.1 days.

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

Shares of NYSEARCA EMLC traded down $0.09 during midday trading on Wednesday, reaching $24.83. 3,503,886 shares of the company traded hands, compared to its average volume of 3,290,481. VanEck J.P. Morgan EM Local Currency Bond ETF has a 52 week low of $24.46 and a 52 week high of $26.63. The stock has a 50-day moving average price of $25.33 and a 200 day moving average price of $25.42.

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

Several large investors have recently bought and sold shares of the stock. Continuum Advisory LLC acquired a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the second quarter valued at approximately $31,000. Ascentis Independent Advisors bought a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF during the first quarter worth approximately $32,000. Silver Grove Financial Group Inc. acquired a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter worth approximately $52,000. CoreCap Advisors LLC lifted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 33.1% in the second quarter. CoreCap Advisors LLC now owns 4,075 shares of the company’s stock worth $104,000 after purchasing an additional 1,013 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 59.2% in the third quarter. Farther Finance Advisors LLC now owns 5,984 shares of the company’s stock worth $149,000 after purchasing an additional 2,225 shares during the period.

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.