iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) Sees Large Increase in Short Interest

iShares J.P. Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 24,220,000 shares, an increase of 14.6% from the March 15th total of 21,140,000 shares. Based on an average daily volume of 6,543,400 shares, the days-to-cover ratio is presently 3.7 days.

iShares J.P. Morgan USD Emerging Markets Bond ETF Stock Down 0.3 %

Shares of EMB traded down $0.27 during trading hours on Tuesday, hitting $86.66. The stock had a trading volume of 9,436,084 shares, compared to its average volume of 6,903,441. iShares J.P. Morgan USD Emerging Markets Bond ETF has a 52 week low of $79.70 and a 52 week high of $90.08. The company’s fifty day moving average is $88.43 and its two-hundred day moving average is $86.41.

iShares J.P. Morgan USD Emerging Markets Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.3656 per share. This represents a $4.39 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date was Monday, April 1st.

Institutional Investors Weigh In On iShares J.P. Morgan USD Emerging Markets Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC bought a new stake in iShares J.P. Morgan USD Emerging Markets Bond ETF during the 4th quarter worth about $26,000. Worth Asset Management LLC acquired a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF during the 1st quarter valued at about $29,000. Eagle Bay Advisors LLC lifted its position in iShares J.P. Morgan USD Emerging Markets Bond ETF by 1,240.0% during the 2nd quarter. Eagle Bay Advisors LLC now owns 335 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 310 shares during the period. First United Bank & Trust acquired a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF during the 4th quarter valued at about $38,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in iShares J.P. Morgan USD Emerging Markets Bond ETF during the 3rd quarter valued at about $42,000. Institutional investors own 91.08% of the company’s stock.

About iShares J.P. 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.