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

Shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw strong trading volume on Tuesday . 870,253 shares changed hands during mid-day trading, a decline of 30% from the previous session’s volume of 1,237,696 shares.The stock last traded at $23.76 and had previously closed at $23.85.

VanEck J.P. Morgan EM Local Currency Bond ETF Stock Down 0.5 %

The stock has a 50 day moving average price of $24.46 and a 200 day moving average price of $24.37.

Hedge Funds Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

A number of hedge funds have recently modified their holdings of the stock. Continuum Advisory LLC grew its holdings in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 11.6% during the third quarter. Continuum Advisory LLC now owns 6,907 shares of the company’s stock valued at $163,000 after buying an additional 717 shares in the last quarter. Captrust Financial Advisors purchased a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the third quarter valued at about $310,000. BNP Paribas Financial Markets grew its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 41.4% in the third quarter. BNP Paribas Financial Markets now owns 1,665,721 shares of the company’s stock valued at $42,309,000 after purchasing an additional 487,499 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 29.5% in the third quarter. Janney Montgomery Scott LLC now owns 128,558 shares of the company’s stock valued at $3,265,000 after purchasing an additional 29,254 shares in the last quarter. Finally, ALM First Financial Advisors LLC lifted its position in shares of 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 worth $10,434,000 after buying an additional 25,794 shares during 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.