EMLC Stock Summary and Trading Ideas (Vaneck J.P. Morgan Em Local Currency Bond ETF | ARCA:EMLC)

The VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the J.P. Morgan GBI-EMG Core Index (GBIEMCOR), which is comprised of bonds issued by emerging market governments and denominated in the local currency of the issuer.

Vaneck J.P. Morgan Em Local Currency Bond ETF trades on the ARCA stock market under the symbol EMLC.

As of April 19, 2024, EMLC stock price climbed to $23.83 with 1,078,887 million shares trading.

EMLC has a beta of 0.43, meaning it tends to be less sensitive to market movements. EMLC has a correlation of 0.35 to the broad based SPY ETF.

EMLC has a market cap of $2.86 billion. This is considered a Mid Cap stock.

In the last 3 years, EMLC stock traded as high as $32.21 and as low as $22.38.

EMLC has underperformed the market in the last year with a return of +1.3%, while the SPY ETF gained +21.2%. In the last 3 month period, EMLC fell short of the market, returning -3.0%, while SPY returned +4.3%. However, in the most recent 2 weeks EMLC has outperformed the stock market by returning -2.7%, while SPY returned -3.5%.

EMLC support price is $23.67 and resistance is $23.91 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EMLC stock will trade within this expected range on the day.