VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) Sees Strong Trading Volume – What’s Next?

VanEck J.P. Morgan EM Local Currency Bond ETF (NYSEARCA:EMLC) saw unusually-high trading volume on Tuesday . Approximately 870,253 shares were traded during 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 Performance

The firm’s 50 day moving average is $24.40 and its 200 day moving average is $24.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Continuum Advisory LLC grew its stake in shares of VanEck J.P. Morgan EM Local Currency Bond ETF by 11.6% in the third quarter. Continuum Advisory LLC now owns 6,907 shares of the company’s stock worth $163,000 after acquiring an additional 717 shares during the last quarter. Captrust Financial Advisors bought a new position in VanEck J.P. Morgan EM Local Currency Bond ETF in the 3rd quarter worth about $310,000. BNP Paribas Financial Markets grew its position in VanEck J.P. Morgan EM Local Currency Bond ETF by 41.4% during the 3rd 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 during the last quarter. Janney Montgomery Scott LLC increased its stake in VanEck J.P. Morgan EM Local Currency Bond ETF by 29.5% during the 3rd 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 raised 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 worth $10,434,000 after buying 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.