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 significant growth in short interest in March. As of March 31st, there was short interest totalling 24,220,000 shares, a growth of 14.6% from the March 15th total of 21,140,000 shares. Based on an average daily trading volume, of 6,543,400 shares, the days-to-cover ratio is currently 3.7 days.

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

EMB stock traded down $0.27 during midday trading on Tuesday, reaching $86.66. 9,436,084 shares of the company were exchanged, compared to its average volume of 6,903,441. The business has a 50-day moving average price of $88.43 and a two-hundred day moving average price of $86.41. iShares J.P. Morgan USD Emerging Markets Bond ETF has a one year low of $79.70 and a one year high of $90.08.

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

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

Hedge Funds Weigh In On iShares J.P. Morgan USD Emerging Markets Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EMB. ICA Group Wealth Management LLC acquired a new stake in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF during the fourth quarter worth $26,000. Eagle Bay Advisors LLC lifted its holdings in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF by 1,240.0% during the second quarter. Eagle Bay Advisors LLC now owns 335 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 310 shares in the last quarter. Worth Asset Management LLC acquired a new stake in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF during the first quarter worth $29,000. First United Bank & Trust acquired a new stake in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF during the fourth quarter worth $38,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of iShares J.P. Morgan USD Emerging Markets Bond ETF during the third quarter worth $42,000. 91.08% of the stock is owned by institutional investors.

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.