iShares JP Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB) Sees Significant Short-Term Interest Drop

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iShares JP Morgan USD Emerging Markets Bond ETF (NASDAQ:EMB – Get Rating) benefited from a significant drop in short interest during the month of October. As of October 31, there was short interest totaling 15,200,000 shares, a decrease of 13.1% from the total of 17,490,000 shares as of October 15. Based on an average daily trading volume of 7,919,800 shares, the day-to-cover ratio is currently 1.9 days.

iShares JP Morgan USD Emerging Markets Bond ETF trades down 0.9%

iShares JP Morgan USD Emerging Markets Bond ETF stock was down $0.76 at midday Thursday, hitting $83.59. The company’s shares had a trading volume of 6,657,532 shares, compared to its average volume of 7,583,831. iShares JP Morgan USD Emerging Markets Bond ETF has a 12-month low of $76.35 and a 12-month high of $109.70. The stock’s fifty-day moving average price is $80.97 and its two-hundred-day moving average price is $85.17.

iShares JP Morgan USD Emerging Markets Bond ETF increases its dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 7. Shareholders of record on Wednesday, November 2 received a dividend of $0.382 per share. This represents an annualized dividend of $4.58 and a yield of 5.48%. This is a boost from iShares JP Morgan USD Emerging Markets Bond ETF’s previous monthly dividend of $0.37. The ex-dividend date was Tuesday, November 1.

Hedge funds weigh on iShares JP Morgan USD Emerging Markets Bond ETF

Several institutional investors and hedge funds have recently increased or reduced their stake in the company. JPMorgan Chase & Co. increased its position in iShares JP Morgan USD Emerging Markets Bond ETF by 262.2% during the 1st quarter. JPMorgan Chase & Co. now owns 4,563,477 shares of the exchange-traded fund worth $446,126,000 after buying 3,303,457 additional shares last quarter. Caisse DE Dépôt ET Placement DU Québec increased its equity holdings of the iShares JP Morgan USD Emerging Markets Bond ETF by 100.7% during the 3rd quarter. Caisse DE Dépôt ET Placement DU Quebec now owns 4,502,792 shares of the exchange-traded fund valued at $357,612,000 after acquiring an additional 2,258,929 shares last quarter. The Toronto Dominion Bank increased its holdings of iShares JP Morgan USD Emerging Markets Bond ETF shares by 50.2% during the third quarter. The Toronto-Dominion Bank now owns 4,280,000 shares of the exchange-traded fund valued at $339,718,000 after acquiring an additional 1,430,000 shares last quarter. The Municipal Employees Retirement System of Michigan increased its holdings of iShares JP Morgan USD Emerging Markets Bond ETF shares by 25.6% during the 1st quarter. The Michigan Municipal Employees Retirement System now owns 3,493,894 shares of the exchange-traded fund worth $341,563,000 after acquiring an additional 711,096 shares in the last quarter. Finally, NextCapital Advisers Inc. increased its holdings of iShares JP Morgan USD Emerging Markets Bond ETF shares by 4.4% during the 2nd quarter. NextCapital Advisers Inc. now owns 1,389,115 shares of the exchange-traded fund worth $118,519,000 after acquiring an additional 58,190 shares in the last quarter.

iShares JP Morgan USD Emerging Markets Bond ETF Company Profile

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iShares JP 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 which generally correspond to the price and yield performance of the JPMorgan EMBI Global Core Index (the Index). The Index is a diversified US dollar-denominated emerging market debt benchmark that tracks the total return of actively traded external debt securities in emerging market countries.

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