WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD) Sees Large Drop in Short Interest

WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 38,268 shares, a decline of 49.6% from the June 15th total of 75,903 shares. Based on an average daily volume of 59,277 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.8% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. raised its position in WisdomTree Emerging Markets Local Debt Fund by 3.3% during the fourth quarter. Vontobel Holding Ltd. now owns 443,908 shares of the company’s stock valued at $12,962,000 after purchasing an additional 14,045 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of WisdomTree Emerging Markets Local Debt Fund by 3.4% in the 1st quarter. Bank of America Corp DE now owns 292,690 shares of the company’s stock worth $8,143,000 after purchasing an additional 9,581 shares in the last quarter. Elmwood Wealth Management Inc. boosted its holdings in shares of WisdomTree Emerging Markets Local Debt Fund by 3.0% in the 2nd quarter. Elmwood Wealth Management Inc. now owns 146,261 shares of the company’s stock worth $4,198,000 after purchasing an additional 4,205 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of WisdomTree Emerging Markets Local Debt Fund by 6.0% during the 4th quarter. Wells Fargo & Company MN now owns 128,538 shares of the company’s stock valued at $3,753,000 after purchasing an additional 7,314 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of WisdomTree Emerging Markets Local Debt Fund during the 1st quarter valued at about $3,118,000.

WisdomTree Emerging Markets Local Debt Fund Price Performance

ELD stock traded down $0.25 during midday trading on Friday, reaching $28.59. The company had a trading volume of 10,513 shares, compared to its average volume of 46,995. The firm has a 50-day moving average price of $28.74 and a 200-day moving average price of $29.02. WisdomTree Emerging Markets Local Debt Fund has a 1 year low of $27.12 and a 1 year high of $30.29.

About WisdomTree Emerging Markets Local Debt Fund

The WisdomTree Emerging Markets Local Debt Fund (ELD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed and invests in both investment- and non-investment-grade government and corporate bonds from emerging countries denominated in local currencies. ELD was launched on Aug 9, 2010 and is managed by WisdomTree.