VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Short Interest Update
by Doug Wharley · The Cerbat GemVanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC – Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 1,371,423 shares, a growth of 41.7% from the March 15th total of 967,791 shares. Based on an average daily volume of 6,057,071 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.7% of the company’s stock are short sold.
VanEck J.P. Morgan EM Local Currency Bond ETF Stock Performance
Shares of EMLC stock traded up $0.08 during trading hours on Tuesday, reaching $25.99. 2,996,345 shares of the company’s stock were exchanged, compared to its average volume of 4,973,505. The stock’s 50 day moving average is $25.78 and its 200-day moving average is $25.73. VanEck J.P. Morgan EM Local Currency Bond ETF has a fifty-two week low of $23.87 and a fifty-two week high of $26.63.
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. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1204 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.6%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of EMLC. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the second quarter worth $41,000. Silver Grove Financial Group Inc. purchased a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the fourth quarter valued at approximately $52,000. Root Financial Partners LLC acquired a new stake in VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter valued at about $72,000. IFP Advisors Inc boosted its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 57.4% during the 3rd quarter. IFP Advisors Inc now owns 3,291 shares of the company’s stock worth $84,000 after purchasing an additional 1,200 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 7.6% in the 3rd quarter. SBI Securities Co. Ltd. now owns 8,405 shares of the company’s stock valued at $214,000 after buying an additional 592 shares in 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. 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.