Short Interest in WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD) Grows By 850.0%

WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 75,903 shares, a growth of 850.0% from the May 31st total of 7,990 shares. Based on an average daily volume of 48,450 shares, the short-interest ratio is currently 1.6 days. Currently, 1.9% of the shares of the company are sold short.

Hedge Funds Weigh In On WisdomTree Emerging Markets Local Debt Fund

Several hedge funds and other institutional investors have recently modified their holdings of ELD. Vontobel Holding Ltd. grew its holdings in shares of WisdomTree Emerging Markets Local Debt Fund by 3.3% in the fourth quarter. Vontobel Holding Ltd. now owns 443,908 shares of the company’s stock worth $12,962,000 after acquiring an additional 14,045 shares during the period. Bank of America Corp DE lifted its holdings in WisdomTree Emerging Markets Local Debt Fund by 3.4% in the first quarter. Bank of America Corp DE now owns 292,690 shares of the company’s stock valued at $8,143,000 after acquiring an additional 9,581 shares during the period. Wells Fargo & Company MN lifted its holdings in WisdomTree Emerging Markets Local Debt Fund by 6.0% in the fourth quarter. Wells Fargo & Company MN now owns 128,538 shares of the company’s stock valued at $3,753,000 after acquiring an additional 7,314 shares during the period. Elmwood Wealth Management Inc. boosted its position in WisdomTree Emerging Markets Local Debt Fund by 7.0% in the fourth quarter. Elmwood Wealth Management Inc. now owns 120,838 shares of the company’s stock worth $3,528,000 after purchasing an additional 7,885 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in WisdomTree Emerging Markets Local Debt Fund in the first quarter worth about $3,118,000.

WisdomTree Emerging Markets Local Debt Fund Stock Performance

Shares of WisdomTree Emerging Markets Local Debt Fund stock opened at $28.57 on Friday. WisdomTree Emerging Markets Local Debt Fund has a twelve month low of $27.12 and a twelve month high of $30.29. The company’s 50 day moving average is $28.81 and its 200 day moving average is $29.04.

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.