VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) Short Interest Up 118.3% in November

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VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 2,366,840 shares, a growth of 118.3% from the November 15th total of 1,084,350 shares. Based on an average trading volume of 2,342,318 shares, the days-to-cover ratio is presently 1.0 days.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Csenge Advisory Group purchased a new stake in shares of VanEck Vectors J.P. Morgan EM Local Currency Bond ETF during the third quarter worth about $116,000. Simplex Trading LLC purchased a new stake in shares of VanEck Vectors J.P. Morgan EM Local Currency Bond ETF during the third quarter worth about $191,000. V Wealth Management LLC purchased a new stake in shares of VanEck Vectors J.P. Morgan EM Local Currency Bond ETF during the third quarter worth about $209,000. Woodmont Investment Counsel LLC purchased a new stake in shares of VanEck Vectors J.P. Morgan EM Local Currency Bond ETF during the second quarter worth about $217,000. Finally, Ellenbecker Investment Group acquired a new position in VanEck Vectors J.P. Morgan EM Local Currency Bond ETF in the third quarter worth about $214,000.

NYSEARCA:EMLC traded up $0.05 during mid-day trading on Thursday, hitting $33.90. The company had a trading volume of 5,293,178 shares, compared to its average volume of 2,818,654. VanEck Vectors J.P. Morgan EM Local Currency Bond ETF has a 1 year low of $31.48 and a 1 year high of $39.82.

The business also recently disclosed a monthly dividend, which was paid on Thursday, January 3rd. Shareholders of record on Friday, December 28th were given a $0.1821 dividend. The ex-dividend date was Thursday, December 27th. This is a positive change from VanEck Vectors J.P. Morgan EM Local Currency Bond ETF’s previous monthly dividend of $0.18. This represents a $2.19 annualized dividend and a yield of 6.45%.

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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.

See Also: Cost of Capital

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