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

WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELDGet Free Report) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 18,615 shares, a drop of 93.5% from the January 29th total of 284,706 shares. Based on an average daily volume of 70,071 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 70,071 shares, the days-to-cover ratio is currently 0.3 days.

WisdomTree Emerging Markets Local Debt Fund Price Performance

NYSEARCA:ELD traded up $0.03 during mid-day trading on Wednesday, hitting $29.93. 102,658 shares of the company’s stock traded hands, compared to its average volume of 62,529. The firm has a 50 day moving average of $29.57 and a two-hundred day moving average of $28.99. WisdomTree Emerging Markets Local Debt Fund has a 12 month low of $25.18 and a 12 month high of $30.29.

WisdomTree Emerging Markets Local Debt Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Tuesday, February 24th will be given a $0.145 dividend. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Tuesday, February 24th.

Institutional Trading of WisdomTree Emerging Markets Local Debt Fund

Institutional investors have recently made changes to their positions in the business. Flow Traders U.S. LLC acquired a new position in shares of WisdomTree Emerging Markets Local Debt Fund in the second quarter valued at approximately $3,470,000. Janney Montgomery Scott LLC acquired a new stake in WisdomTree Emerging Markets Local Debt Fund in the 4th quarter valued at $1,246,000. Pekin Hardy Strauss Inc. purchased a new stake in shares of WisdomTree Emerging Markets Local Debt Fund in the third quarter worth approximately $969,000. Vontobel Holding Ltd. raised its position in WisdomTree Emerging Markets Local Debt Fund by 6.8% in the 3rd quarter. Vontobel Holding Ltd. now owns 429,863 shares of the company’s stock valued at $12,356,000 after buying an additional 27,251 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in WisdomTree Emerging Markets Local Debt Fund by 591.3% in the fourth quarter. Royal Bank of Canada now owns 29,081 shares of the company’s stock worth $849,000 after purchasing an additional 24,874 shares during the last quarter.

About WisdomTree Emerging Markets Local Debt Fund

(Get Free Report)

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.

Further Reading

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