VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) Short Interest Update

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VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 2,922,013 shares, a decrease of 61.0% from the September 28th total of 7,496,067 shares. Based on an average daily volume of 2,979,427 shares, the days-to-cover ratio is presently 1.0 days.

Several hedge funds have recently made changes to their positions in EMLC. BlackRock Inc. grew its position in shares of VanEck Vectors J.P. Morgan EM Local Currency Bond ETF by 31.5% during the 1st quarter. BlackRock Inc. now owns 67,965 shares of the company’s stock worth $1,332,000 after buying an additional 16,295 shares during the period. Jane Street Group LLC acquired a new stake in shares of VanEck Vectors J.P. Morgan EM Local Currency Bond ETF during the 1st quarter worth approximately $615,000. CIBC World Markets Inc. acquired a new stake in shares of VanEck Vectors J.P. Morgan EM Local Currency Bond ETF during the 1st quarter worth approximately $345,000. Allianz Asset Management GmbH grew its position in shares of VanEck Vectors J.P. Morgan EM Local Currency Bond ETF by 429.3% during the 1st quarter. Allianz Asset Management GmbH now owns 1,174,490 shares of the company’s stock worth $23,199,000 after buying an additional 952,593 shares during the period. Finally, PFS Investments Inc. grew its position in shares of VanEck Vectors J.P. Morgan EM Local Currency Bond ETF by 36.3% during the 2nd quarter. PFS Investments Inc. now owns 90,408 shares of the company’s stock worth $1,568,000 after buying an additional 24,102 shares during the period.

Shares of EMLC stock opened at $32.46 on Wednesday. VanEck Vectors J.P. Morgan EM Local Currency Bond ETF has a 52 week low of $31.48 and a 52 week high of $39.82.

The business also recently disclosed a monthly dividend, which was paid on Friday, October 5th. Stockholders of record on Tuesday, October 2nd were given a dividend of $0.0843 per share. This represents a $1.01 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Monday, October 1st.

VanEck Vectors 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.

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