VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sees Unusually-High Trading Volume – Should You Buy?

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw strong trading volume on Monday . 3,789,953 shares changed hands during mid-day trading, an increase of 164% from the previous session’s volume of 1,436,607 shares.The stock last traded at $23.18 and had previously closed at $23.52.

VanEck J.P. Morgan EM Local Currency Bond ETF Trading Down 1.4 %

The business has a 50 day simple moving average of $23.81 and a two-hundred day simple moving average of $23.91.

Institutional Trading of VanEck J.P. Morgan EM Local Currency Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 53.4% during the 4th quarter. BNP Paribas Financial Markets now owns 2,555,021 shares of the company’s stock valued at $59,047,000 after acquiring an additional 889,300 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,205,802 shares of the company’s stock valued at $27,866,000 after purchasing an additional 13,180 shares in the last quarter. ALM First Financial Advisors LLC grew its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 21.3% in the fourth quarter. ALM First Financial Advisors LLC now owns 498,418 shares of the company’s stock worth $11,518,000 after purchasing an additional 87,624 shares in the last quarter. Acima Private Wealth LLC grew its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 5.8% in the fourth quarter. Acima Private Wealth LLC now owns 315,834 shares of the company’s stock worth $7,299,000 after purchasing an additional 17,350 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 1,919.0% during the fourth quarter. Captrust Financial Advisors now owns 246,557 shares of the company’s stock valued at $5,698,000 after buying an additional 234,345 shares in the last quarter.

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.