Short Interest in WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD) Drops By 58.8%

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

WisdomTree Emerging Markets Local Debt Fund Trading Down 0.5%

ELD opened at $27.67 on Friday. WisdomTree Emerging Markets Local Debt Fund has a 12 month low of $25.18 and a 12 month high of $30.29. The business’s 50-day moving average price is $29.33 and its 200-day moving average price is $29.04.

Institutional Trading of WisdomTree Emerging Markets Local Debt Fund

Several hedge funds and other institutional investors have recently made changes to their positions in ELD. Flow Traders U.S. LLC purchased a new position in shares of WisdomTree Emerging Markets Local Debt Fund in the second quarter valued at about $3,470,000. Janney Montgomery Scott LLC bought a new stake in WisdomTree Emerging Markets Local Debt Fund during the 4th quarter valued at approximately $1,246,000. Pekin Hardy Strauss Inc. bought a new stake in WisdomTree Emerging Markets Local Debt Fund during the 3rd quarter valued at approximately $969,000. Vontobel Holding Ltd. lifted its holdings 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 worth $12,356,000 after purchasing an additional 27,251 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in WisdomTree Emerging Markets Local Debt Fund by 591.3% in the 4th 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 period.

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.