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

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

Institutional Investors Weigh In On WisdomTree Emerging Markets Local Debt Fund

Several hedge funds and other institutional investors have recently made changes to their positions in ELD. Vontobel Holding Ltd. lifted its stake in WisdomTree Emerging Markets Local Debt Fund by 3.3% in the 4th 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 during the last quarter. Bank of America Corp DE grew its stake in shares of WisdomTree Emerging Markets Local Debt Fund by 3.4% during the first quarter. Bank of America Corp DE now owns 292,690 shares of the company’s stock worth $8,143,000 after buying an additional 9,581 shares during the last quarter. Elmwood Wealth Management Inc. increased its holdings in shares of WisdomTree Emerging Markets Local Debt Fund by 3.0% during the second quarter. Elmwood Wealth Management Inc. now owns 146,261 shares of the company’s stock worth $4,198,000 after buying an additional 4,205 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of WisdomTree Emerging Markets Local Debt Fund by 6.0% during the fourth quarter. Wells Fargo & Company MN now owns 128,538 shares of the company’s stock worth $3,753,000 after buying an additional 7,314 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of WisdomTree Emerging Markets Local Debt Fund in the 1st quarter valued at $3,118,000.

WisdomTree Emerging Markets Local Debt Fund Price Performance

WisdomTree Emerging Markets Local Debt Fund stock remained flat at $28.84 during midday trading on Thursday. The company’s stock had a trading volume of 7,014 shares, compared to its average volume of 47,267. WisdomTree Emerging Markets Local Debt Fund has a 1 year low of $27.12 and a 1 year high of $30.29. The firm’s 50 day moving average is $28.74 and its 200-day moving average is $29.02.

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.