VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sees Large Volume Increase – Should You Buy?

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) shares saw strong trading volume on Wednesday . 2,645,737 shares were traded during trading, an increase of 77% from the previous session’s volume of 1,495,213 shares.The stock last traded at $23.60 and had previously closed at $23.44.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Performance

The firm’s 50 day simple moving average is $23.48 and its 200-day simple moving average is $24.18.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Continuum Advisory LLC increased its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 11.6% during the 3rd quarter. Continuum Advisory LLC now owns 6,907 shares of the company’s stock worth $163,000 after buying an additional 717 shares during the period. Fidelity D & D Bancorp Inc. grew its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 16.4% during the third quarter. Fidelity D & D Bancorp Inc. now owns 68,390 shares of the company’s stock valued at $1,737,000 after acquiring an additional 9,631 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF during the third quarter worth about $310,000. Janney Montgomery Scott LLC lifted its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 15.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 148,586 shares of the company’s stock worth $3,434,000 after acquiring an additional 20,028 shares in the last quarter. Finally, ALM First Financial Advisors LLC boosted its holdings in VanEck J.P. Morgan EM Local Currency Bond ETF by 6.7% in the third quarter. ALM First Financial Advisors LLC now owns 410,794 shares of the company’s stock valued at $10,434,000 after purchasing an additional 25,794 shares during 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.