iShares JP Morgan USD Emerging Markets Bond ETF (EMB) Sees Significant Decline in Short Interest

iShares JP Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 8,056,690 shares, a decline of 18.9% from the July 13th total of 9,931,658 shares. Based on an average daily volume of 2,393,861 shares, the days-to-cover ratio is presently 3.4 days.

A number of institutional investors and hedge funds have recently modified their holdings of EMB. Legacy Financial Advisors Inc. bought a new stake in shares of iShares JP Morgan USD Emerging Markets Bond ETF during the second quarter worth $160,000. Proficio Capital Partners LLC bought a new stake in shares of iShares JP Morgan USD Emerging Markets Bond ETF during the second quarter worth $204,000. D.B. Root & Company LLC bought a new stake in shares of iShares JP Morgan USD Emerging Markets Bond ETF during the first quarter worth $209,000. Community Trust & Investment Co. bought a new stake in shares of iShares JP Morgan USD Emerging Markets Bond ETF during the second quarter worth $218,000. Finally, Sharkey Howes & Javer raised its position in shares of iShares JP Morgan USD Emerging Markets Bond ETF by 53,375.0% during the second quarter. Sharkey Howes & Javer now owns 2,139 shares of the exchange traded fund’s stock worth $228,000 after acquiring an additional 2,135 shares during the last quarter.

Shares of iShares JP Morgan USD Emerging Markets Bond ETF opened at $106.37 on Monday, according to MarketBeat Ratings. iShares JP Morgan USD Emerging Markets Bond ETF has a 52-week low of $105.17 and a 52-week high of $117.46.

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, August 7th. Shareholders of record on Thursday, August 2nd were given a $0.4412 dividend. The ex-dividend date was Wednesday, August 1st. This represents a $5.29 annualized dividend and a yield of 4.98%.

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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