Short Interest in Market Vectors Emerging Mkts Local ETF (EMLC) Expands By 57.1%

Market Vectors Emerging Mkts Local ETF (NYSEARCA:EMLC) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 6,072,045 shares, an increase of 57.1% from the May 31st total of 3,865,182 shares. Based on an average daily trading volume, of 4,757,135 shares, the short-interest ratio is presently 1.3 days.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Centaurus Financial Inc. acquired a new position in shares of Market Vectors Emerging Mkts Local ETF in the first quarter valued at approximately $119,000. Vontobel Swiss Wealth Advisors AG acquired a new position in shares of Market Vectors Emerging Mkts Local ETF in the first quarter valued at approximately $196,000. Advisor Group Inc. increased its holdings in shares of Market Vectors Emerging Mkts Local ETF by 223.1% in the fourth quarter. Advisor Group Inc. now owns 11,050 shares of the company’s stock valued at $209,000 after purchasing an additional 7,630 shares during the period. First Allied Advisory Services Inc. increased its holdings in shares of Market Vectors Emerging Mkts Local ETF by 585.1% in the first quarter. First Allied Advisory Services Inc. now owns 12,160 shares of the company’s stock valued at $239,000 after purchasing an additional 10,385 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Market Vectors Emerging Mkts Local ETF in the fourth quarter valued at approximately $260,000.

Market Vectors Emerging Mkts Local ETF opened at $17.02 on Friday, according to MarketBeat Ratings. Market Vectors Emerging Mkts Local ETF has a 52 week low of $16.92 and a 52 week high of $19.91.

The company also recently declared a monthly dividend, which was paid on Thursday, June 7th. Shareholders of record on Monday, June 4th were given a dividend of $0.0961 per share. This is a positive change from Market Vectors Emerging Mkts Local ETF’s previous monthly dividend of $0.09. The ex-dividend date was Friday, June 1st. This represents a $1.15 annualized dividend and a yield of 6.78%.

About Market Vectors Emerging Mkts Local 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.

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