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VanEck J.P. Morgan EM Local Currency Bond ETF (EMLC)

Emerging-Markets Local-Currency Bond | Exchange Traded Fund | NYSEArca
24.89 USD -0.06 (-0.240%) ⇩ (Oct. 16, 2026, 4 p.m. EDT)
After hours: 24.86 -0.03 (-0.030%) ⇩ (Oct. 16, 2026, 6:11 p.m. EDT)
Short-term:★★☆☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take ↕ | Oct. 10, 2026, 9:17 a.m. EDT

This instrument presents a classic defensive trade with significant headwinds. The massive divergence in options flow—where buyers are aggressively stacking puts while sellers offer minimal call protection—signals that the market expects continued weakness in emerging market local currency bonds. This sentiment is reinforced by the price action, which is trading well below both its 50-day and 200-day moving averages, confirming a downtrend that has yet to reverse. While the 6.36% dividend yield provides a substantial floor and makes the stock attractive for income-focused investors, it is not enough to overcome the structural bearishness evident in the derivatives market. The statistical forecast model, despite its high confidence, predicts zero movement over the next 45 days, suggesting the heavy put positioning may be a 'wait-and-see' hedge rather than a panic sell-off. For now, the prudent stance is to wait for the selling pressure to exhaust before considering a long entry, as the momentum remains firmly negative.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.011293
AutoETS0.011395
AutoTheta0.011453
MSTL0.011906

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 73%
H-stat 0.97
Ljung-Box p 0.000
Jarque-Bera p 0.061
Excess Kurtosis 0.19

As of Oct. 10, 2026, 9:17 a.m. EDT: Speculators are heavily positioned for downside protection, with put open interest significantly outweighing call open interest across all expirations. The 'Top OI' strikes for puts are consistently deep out-of-the-money (below current price), indicating a bet on further declines rather than a crash. Conversely, call positioning is sparse and concentrated near the money, suggesting limited speculative upside bets.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.56% 6.27% 6.23% 6.01%
Dividend History
Date Dividend Yield %
2026-10-01 0.138 0.562576
2026-09-01 0.130 0.511207
2026-08-03 0.130 0.512214
2026-07-01 0.144 0.568047
2026-06-01 0.139 0.544884
2026-05-01 0.137 0.538946
2026-04-01 0.141 0.561529
2026-03-02 0.120 0.458540
2026-02-02 0.121 0.461656
2025-12-29 0.139 0.540016
2025-11-28 0.128 0.500000
2025-11-03 0.129 0.508475
2025-10-01 0.126 0.495478
2025-09-02 0.134 0.533227
2025-08-01 0.134 0.536644
2025-07-01 0.124 0.491478
2025-06-02 0.122 0.493727
2025-05-01 0.127 0.521775
2025-04-01 0.127 0.534962
2025-03-03 0.115 0.486464
2025-02-03 0.121 0.515772
2024-12-27 0.131 0.563441
2024-12-02 0.128 0.540541
2024-11-01 0.133 0.557886
2024-10-01 0.123 0.488677
2024-09-03 0.132 0.537678
2024-08-01 0.130 0.540765
2024-07-01 0.118 0.500424
2024-06-03 0.126 0.521955
2024-04-23 0.127 0.531603
2024-04-01 0.125 0.515251
2024-03-01 0.116 0.469256
2024-02-01 0.126 0.502793
2023-12-27 0.131 0.515545
2023-12-01 0.122 0.488391
2023-11-01 0.125 0.525431
2023-10-02 0.126 0.535032
2023-09-01 0.139 0.557561
2023-08-01 0.135 0.529619
2023-07-03 0.127 0.497844
2023-06-01 0.129 0.514354
2023-04-24 0.123 0.492591
2023-04-03 0.125 0.496820
2023-03-01 0.110 0.448248
2023-02-01 0.120 0.470588
2022-12-28 0.121 0.502492
2022-12-01 0.112 0.461095
2022-11-01 0.118 0.521432
2022-10-03 0.118 0.512153
2022-09-01 0.121 0.507338
2022-08-01 0.122 0.500821
2022-07-01 0.121 0.496105
2022-06-01 0.108 0.425364
2022-04-25 0.113 0.439347
2022-04-01 0.087 0.322581
2022-03-01 0.109 0.406716
2022-02-01 0.126 0.439331
2021-12-29 0.124 0.435088
2021-12-01 0.120 0.423579
2021-11-01 0.126 0.431359
2021-10-01 0.123 0.409318
2021-09-01 0.127 0.408491
2021-08-02 0.127 0.409149
2021-07-01 0.125 0.401671
2021-06-01 0.130 0.407779
2021-04-26 0.121 0.387200
2021-04-01 0.136 0.443575
2021-03-01 0.118 0.371420
2021-02-01 0.125 0.383201
2020-12-29 0.129 0.389258
2020-12-01 0.121 0.371622
2020-11-02 0.131 0.428245
2020-10-01 0.110 0.356564
2020-09-01 0.125 0.395570
2020-08-03 0.153 0.487572
2020-07-01 0.147 0.477893
2020-06-01 0.133 0.429032
2020-04-24 0.123 0.438034
2020-04-01 0.143 0.516805
2020-03-02 0.147 0.452308
2020-02-03 0.167 0.499253
2019-12-30 0.159 0.469165
2019-12-02 0.164 0.499543
2019-11-01 0.181 0.534554
2019-10-01 0.185 0.564369
2019-09-03 0.191 0.583384
2019-08-01 0.182 0.533568
2019-07-01 0.170 0.491188
2019-06-03 0.190 0.576806
2019-04-24 0.182 0.549185
2019-04-01 0.183 0.545130
2019-03-01 0.157 0.463264
2019-02-01 0.184 0.532407
2018-12-27 0.182 0.554878
2018-12-03 0.176 0.534792
2018-11-01 0.177 0.545455
2018-10-01 0.168 0.512195
2018-09-04 0.172 0.543960
2018-08-01 0.186 0.537572
2018-07-02 0.178 0.528504
2018-06-01 0.192 0.544835
2018-04-24 0.182 0.481227
2018-04-02 0.184 0.473495
2018-03-01 0.174 0.450078
2018-02-01 0.174 0.440729
2017-12-27 0.168 0.443975
2017-12-01 0.170 0.453333
2017-11-01 0.184 0.497297
2017-10-02 0.178 0.466946
2017-09-01 0.170 0.439050
2017-08-01 0.174 0.455497
2017-07-03 0.168 0.450161
2017-06-01 0.178 0.471398
2017-05-01 0.164 0.440623
2017-04-03 0.160 0.434311
2017-03-01 0.152 0.418272
2017-02-01 0.160 0.446180
2016-12-28 0.162 0.463122
2016-12-01 0.152 0.441860
2016-11-01 0.164 0.440150
2016-10-03 0.144 0.378151
2016-09-01 0.160 0.427350
2016-08-01 0.132 0.351438
2016-07-01 0.142 0.377459
2016-06-01 0.174 0.484680
2016-05-02 0.178 0.472399
2016-04-01 0.144 0.389610
2016-03-01 0.146 0.420992
2016-02-01 0.172 0.508575
2015-12-29 0.168 0.490941
2015-12-01 0.164 0.466174
2015-11-02 0.170 0.474330
2015-10-01 0.170 0.492754
2015-09-01 0.180 0.505334
2015-08-03 0.174 0.464744
2015-07-01 0.180 0.464396
2015-06-01 0.178 0.450177
2015-05-01 0.194 0.476658
2015-04-01 0.182 0.450718
2015-03-02 0.196 0.478516
2015-02-02 0.172 0.405660
2014-12-29 0.192 0.453686
2014-12-01 0.202 0.451902
2014-11-03 0.200 0.441112
2014-10-01 0.200 0.440723
2014-09-02 0.220 0.463158
2014-08-01 0.214 0.448074
2014-07-01 0.220 0.454733
2014-06-02 0.220 0.459290
2014-04-24 0.224 0.475988
2014-04-01 0.226 0.479220
2014-03-03 0.196 0.430391
2014-02-03 0.220 0.494382
2013-12-27 0.220 0.465904
2013-12-02 0.220 0.464920
2013-11-01 0.220 0.450450
2013-10-01 0.208 0.428689
2013-09-03 0.194 0.418284
2013-08-01 0.194 0.400495
2013-07-01 0.200 0.407830
2013-06-03 0.224 0.436307
2013-04-24 0.192 0.350237
2013-04-01 0.190 0.351982
2013-03-01 0.194 0.357538
2013-02-01 0.184 0.332610
2012-12-27 0.182 0.333578
2012-12-03 0.182 0.339933
2012-11-01 0.182 0.341720
2012-10-01 0.182 0.343267
2012-09-04 0.190 0.365666
2012-08-01 0.190 0.365666
2012-07-02 0.190 0.371384
2012-06-01 0.170 0.350660
2012-05-01 0.190 0.359985
2012-04-02 0.190 0.360121
2012-03-01 0.206 0.383613
2012-02-01 0.180 0.341038
2011-12-28 0.206 0.421440
2011-12-01 0.190 0.381373
2011-11-01 0.222 0.436492
2011-10-03 0.236 0.491462
2011-09-01 0.250 0.455373
2011-08-01 0.238 0.429448
2011-07-01 0.240 0.434153
2011-06-01 0.268 0.489051
2011-05-02 0.244 0.438849
2011-04-01 0.268 0.498883
2011-03-01 0.226 0.430969
2011-02-01 0.216 0.412844
2010-12-29 0.188 0.355926
2010-12-01 0.210 0.400458
2010-11-01 0.200 0.365631
2010-10-01 0.160 0.294768
2010-09-01 0.216 0.415864
Additional Data
dividendYield 6.36

Info Dump

Attribute Value
All Time High 56.24
All Time Low 22.38
Ask 25.5
Ask Size 10,700
Average Daily Volume10 Day 2,436,040
Average Daily Volume3 Month 2,184,349
Average Volume 2,184,349
Average Volume10Days 2,436,040
Beta3 Year 1.04
Bid 24.5
Bid Size 11,900
Category Emerging-Markets Local-Currency Bond
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 24.97
Day Low 24.8639
Display Name J.P. Morgan EM Local Ccy ETF
Dividend Yield 6.36
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 25.3046
Fifty Day Average Change -0.41460037
Fifty Day Average Change Percent -0.016384387
Fifty Two Week Change Percent -2.424717
Fifty Two Week High 26.63
Fifty Two Week High Change -1.7399998
Fifty Two Week High Change Percent -0.06533983
Fifty Two Week Low 24.46
Fifty Two Week Low Change 0.4300003
Fifty Two Week Low Change Percent 0.017579734
Fifty Two Week Range 24.46 - 26.63
First Trade Date Milliseconds 1,279,891,800,000
Five Year Average Return 0.0232003
Full Exchange Name NYSEArca
Fullday Change -0.09000015
Fullday Change Percent -0.36072204
Fullday Price 24.89
Fund Family VanEck
Fund Inception Date 1,279,756,800
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of bonds issued by emerging market governments and denominated in the local currency of the issuer. It may concentrate its investments in a particular industry or group of industries to the extent that the index concentrates in an industry or group of industries. The fund is non-diversified.
Long Name VanEck J.P. Morgan EM Local Currency Bond ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_109864250
Nav Price 24.92
Net Assets 4,949,328,900.0
Net Expense Ratio 0.3
Open 24.93
Phone 888-658-8287
Post Market Change -0.02999878
Post Market Change Percent -0.120525435
Post Market Price 24.86
Post Market Time 1,792,188,680
Previous Close 24.95
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change -0.0600014
Regular Market Change Percent -0.240486
Regular Market Day High 24.97
Regular Market Day Low 24.8639
Regular Market Day Range 24.8639 - 24.97
Regular Market Open 24.93
Regular Market Previous Close 24.95
Regular Market Price 24.89
Regular Market Time 1,792,180,800
Regular Market Volume 2,195,931
Short Name VanEck J. P. Morgan EM Local Cu
Source Interval 15
Symbol EMLC
Three Year Average Return 0.0836573
Total Assets 4,949,328,896
Tradeable 0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -1.10267
Trailing Three Month Returns -1.10267
Triggerable 1
Two Hundred Day Average 25.5841
Two Hundred Day Average Change -0.69410133
Two Hundred Day Average Change Percent -0.027130183
Type Disp ETF
Volume 2,195,931
Yield 0.0636
Ytd Return 0.52028