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

Shares of VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw unusually-high 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 Price Performance

The stock’s fifty day simple moving average is $23.79 and its two-hundred day simple moving average is $23.96.

Institutional Investors Weigh In On VanEck J.P. Morgan EM Local Currency Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Betterment LLC lifted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 1.2% during the fourth quarter. Betterment LLC now owns 39,236 shares of the company’s stock valued at $907,000 after buying an additional 473 shares in the last quarter. Continuum Advisory LLC raised 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 acquiring an additional 717 shares during the period. Farther Finance Advisors LLC lifted its position in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 1,365.6% in 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 in the last quarter. Summit Financial LLC boosted its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 2.5% in the 4th quarter. Summit Financial LLC now owns 60,372 shares of the company’s stock worth $1,395,000 after purchasing an additional 1,470 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in VanEck J.P. Morgan EM Local Currency Bond ETF during the 4th quarter worth approximately $154,000.

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.