iShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB) Short Interest Up 283.0% in January
by Kim Johansen · The Markets DailyiShares J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:LEMB – Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 1,106,231 shares, an increase of 283.0% from the December 31st total of 288,856 shares. Based on an average daily volume of 248,575 shares, the short-interest ratio is currently 4.5 days. Currently, 6.3% of the company’s stock are short sold. Currently, 6.3% of the company’s stock are short sold. Based on an average daily volume of 248,575 shares, the short-interest ratio is currently 4.5 days.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new stake in iShares J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter worth $116,000. Farther Finance Advisors LLC purchased a new position in iShares J.P. Morgan EM Local Currency Bond ETF in the fourth quarter valued at about $116,000. Rosenberg Matthew Hamilton boosted its holdings in iShares J.P. Morgan EM Local Currency Bond ETF by 5.9% in the fourth quarter. Rosenberg Matthew Hamilton now owns 6,959 shares of the company’s stock valued at $289,000 after purchasing an additional 387 shares during the last quarter. Vicus Capital acquired a new stake in iShares J.P. Morgan EM Local Currency Bond ETF during the 2nd quarter valued at approximately $583,000. Finally, Oak Family Advisors LLC purchased a new stake in iShares J.P. Morgan EM Local Currency Bond ETF during the 3rd quarter worth approximately $997,000.
iShares J.P. Morgan EM Local Currency Bond ETF Trading Down 0.2%
Shares of LEMB traded down $0.08 during midday trading on Wednesday, reaching $42.63. 539,528 shares of the company were exchanged, compared to its average volume of 318,313. iShares J.P. Morgan EM Local Currency Bond ETF has a 1-year low of $36.35 and a 1-year high of $42.74. The stock has a 50-day moving average price of $41.87 and a 200-day moving average price of $41.29.
About iShares J.P. Morgan EM Local Currency Bond ETF
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.