Short Interest in WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD) Grows By 850.0%

WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 75,903 shares, an increase of 850.0% from the May 31st total of 7,990 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily volume of 48,450 shares, the days-to-cover ratio is presently 1.6 days.

WisdomTree Emerging Markets Local Debt Fund Stock Performance

Shares of NYSEARCA ELD opened at $28.57 on Friday. WisdomTree Emerging Markets Local Debt Fund has a twelve month low of $27.12 and a twelve month high of $30.29. The company has a 50 day moving average of $28.81 and a 200 day moving average of $29.04.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vontobel Holding Ltd. lifted its holdings in shares of WisdomTree Emerging Markets Local Debt Fund by 3.3% during the fourth 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 in the last quarter. Bank of America Corp DE increased its holdings in WisdomTree Emerging Markets Local Debt Fund by 3.4% in the 1st 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 in the last quarter. Wells Fargo & Company MN raised its position in WisdomTree Emerging Markets Local Debt Fund by 6.0% in the 4th 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 during the last quarter. Elmwood Wealth Management Inc. raised its position in WisdomTree Emerging Markets Local Debt Fund by 7.0% in the 4th quarter. Elmwood Wealth Management Inc. now owns 120,838 shares of the company’s stock worth $3,528,000 after buying an additional 7,885 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in WisdomTree Emerging Markets Local Debt Fund in the 1st quarter worth about $3,118,000.

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.