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iShares JP Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 17,324,798 shares, an increase of 64.0% from the December 14th total of 10,563,423 shares. Based on an average daily trading volume, of 4,844,560 shares, the short-interest ratio is currently 3.6 days.
Shares of NASDAQ EMB traded down $0.49 during midday trading on Monday, hitting $107.21. The stock had a trading volume of 5,485,094 shares, compared to its average volume of 5,121,755. iShares JP Morgan USD Emerging Markets Bond ETF has a 52 week low of $102.15 and a 52 week high of $115.57.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EMB. JPMorgan Chase & Co. raised its holdings in shares of iShares JP Morgan USD Emerging Markets Bond ETF by 109.2% during the third quarter. JPMorgan Chase & Co. now owns 9,956,528 shares of the exchange traded fund’s stock valued at $1,073,413,000 after purchasing an additional 5,196,952 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new position in iShares JP Morgan USD Emerging Markets Bond ETF during the 2nd quarter valued at about $1,782,000. AMP Capital Investors Ltd purchased a new position in iShares JP Morgan USD Emerging Markets Bond ETF during the 3rd quarter valued at about $44,053,000. NorthCoast Asset Management LLC purchased a new position in iShares JP Morgan USD Emerging Markets Bond ETF during the 3rd quarter valued at about $36,286,000. Finally, WEALTHFRONT Corp increased its position in iShares JP Morgan USD Emerging Markets Bond ETF by 10.2% during the 3rd quarter. WEALTHFRONT Corp now owns 1,591,764 shares of the exchange traded fund’s stock valued at $171,608,000 after purchasing an additional 147,394 shares during the period.
WARNING: “Short Interest in iShares JP Morgan USD Emerging Markets Bond ETF (EMB) Rises By 64.0%” was reported by Fairfield Current and is owned by of Fairfield Current. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.fairfieldcurrent.com/news/2019/01/29/ishares-tr-jpmorgan-usd-emergi-emb-short-interest-up-64-0-in-december.html.
About iShares JP Morgan USD Emerging Markets Bond ETF
iShares J.P. Morgan USD Emerging Markets Bond ETF, formerly iShares JPMorgan USD Emerging Markets Bond Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the JPMorgan EMBI Global Core Index (the Index). The Index is a diverse United States dollar-denominated emerging markets debt benchmark, which tracks the total return of actively traded external debt instruments in emerging market countries.
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