WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD) Short Interest Update

WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 17,509 shares, an increase of 189.1% from the August 15th total of 6,057 shares. Based on an average daily trading volume, of 21,358 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the company’s stock are short sold.

WisdomTree Emerging Markets Local Debt Fund Price Performance

Shares of NYSEARCA ELD traded down $0.27 during midday trading on Monday, hitting $28.54. 23,949 shares of the company’s stock traded hands, compared to its average volume of 40,257. WisdomTree Emerging Markets Local Debt Fund has a 1 year low of $27.12 and a 1 year high of $30.29. The firm has a fifty day moving average of $28.79 and a 200 day moving average of $28.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ELD. Foster & Motley Inc. acquired a new position in WisdomTree Emerging Markets Local Debt Fund in the 2nd quarter valued at $9,692,000. Bank of New York Mellon Corp purchased a new stake in shares of WisdomTree Emerging Markets Local Debt Fund during the first quarter worth $3,118,000. Kestra Advisory Services LLC grew its holdings in shares of WisdomTree Emerging Markets Local Debt Fund by 13,401.9% during the first quarter. Kestra Advisory Services LLC now owns 94,513 shares of the company’s stock worth $2,629,000 after buying an additional 93,813 shares in the last quarter. Royal Bank of Canada raised its position in shares of WisdomTree Emerging Markets Local Debt Fund by 214.8% in the first quarter. Royal Bank of Canada now owns 91,556 shares of the company’s stock valued at $2,547,000 after buying an additional 62,475 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of WisdomTree Emerging Markets Local Debt Fund in the first quarter valued at about $760,000.

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.