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

Shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw strong trading volume on Thursday . 3,583,805 shares traded hands during trading, an increase of 160% from the previous session’s volume of 1,375,955 shares.The stock last traded at $23.84 and had previously closed at $23.85.

VanEck J.P. Morgan EM Local Currency Bond ETF Trading Down 0.1 %

The business has a 50-day moving average price of $23.76 and a two-hundred day moving average price of $23.97.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 1.1% during 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 acquiring an additional 13,180 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 1,365.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,319 shares of the company’s stock valued at $30,000 after purchasing an additional 1,229 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the third quarter valued at about $310,000. ALM First Financial Advisors LLC boosted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 21.3% during 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 during the last quarter. Finally, Continuum Advisory LLC grew its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 11.6% in the 3rd quarter. Continuum Advisory LLC now owns 6,907 shares of the company’s stock worth $163,000 after purchasing an additional 717 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.