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

Shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw unusually-strong trading volume on Thursday . Approximately 3,583,805 shares traded hands during mid-day 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’s fifty day simple moving average is $23.76 and its 200 day simple moving average is $23.97.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 1,365.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,319 shares of the company’s stock valued at $30,000 after acquiring an additional 1,229 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the fourth quarter worth about $154,000. Continuum Advisory LLC grew its position in shares of 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. Captrust Financial Advisors bought a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter valued at about $310,000. Finally, SVB Wealth LLC acquired a new stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF in the 4th quarter valued at approximately $286,000.

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.