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

WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 3,286 shares, a decline of 58.8% from the February 26th total of 7,974 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 29,217 shares, the days-to-cover ratio is currently 0.1 days.

WisdomTree Emerging Markets Local Debt Fund Stock Down 0.1%

Shares of WisdomTree Emerging Markets Local Debt Fund stock opened at $28.19 on Thursday. WisdomTree Emerging Markets Local Debt Fund has a 52-week low of $25.18 and a 52-week high of $30.29. The company has a fifty day moving average of $29.40 and a 200-day moving average of $29.05.

Institutional Trading of WisdomTree Emerging Markets Local Debt Fund

Several institutional investors have recently added to or reduced their stakes in ELD. Flow Traders U.S. LLC bought a new position in shares of WisdomTree Emerging Markets Local Debt Fund during the second quarter valued at about $3,470,000. Janney Montgomery Scott LLC bought a new stake in shares of WisdomTree Emerging Markets Local Debt Fund in the 4th quarter valued at about $1,246,000. Pekin Hardy Strauss Inc. purchased a new stake in WisdomTree Emerging Markets Local Debt Fund during the 3rd quarter valued at about $969,000. Vontobel Holding Ltd. boosted its holdings in WisdomTree Emerging Markets Local Debt Fund by 6.8% during the 3rd quarter. Vontobel Holding Ltd. now owns 429,863 shares of the company’s stock valued at $12,356,000 after acquiring an additional 27,251 shares during the period. Finally, Royal Bank of Canada grew its position in WisdomTree Emerging Markets Local Debt Fund by 591.3% during the 4th quarter. Royal Bank of Canada now owns 29,081 shares of the company’s stock worth $849,000 after acquiring an additional 24,874 shares during the last quarter.

WisdomTree Emerging Markets Local Debt Fund Company Profile

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.