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 significant drop in short interest in June. As of June 30th, there was short interest totaling 38,268 shares, a drop of 49.6% from the June 15th total of 75,903 shares. Based on an average trading volume of 59,277 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.8% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ELD. Sound Income Strategies LLC purchased a new stake in WisdomTree Emerging Markets Local Debt Fund during the 4th quarter valued at approximately $29,000. Harbour Investments Inc. raised its stake in shares of WisdomTree Emerging Markets Local Debt Fund by 11.4% during the fourth quarter. Harbour Investments Inc. now owns 6,476 shares of the company’s stock worth $189,000 after purchasing an additional 664 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of WisdomTree Emerging Markets Local Debt Fund by 2,748.5% during the second quarter. Osaic Holdings Inc. now owns 6,580 shares of the company’s stock worth $184,000 after purchasing an additional 6,349 shares during the period. Gateway Wealth Partners LLC purchased a new position in WisdomTree Emerging Markets Local Debt Fund in the 1st quarter valued at $204,000. Finally, Moors & Cabot Inc. increased its stake in WisdomTree Emerging Markets Local Debt Fund by 6.3% in the 3rd quarter. Moors & Cabot Inc. now owns 7,683 shares of the company’s stock valued at $221,000 after buying an additional 454 shares during the period.

WisdomTree Emerging Markets Local Debt Fund Stock Up 0.1%

ELD stock traded up $0.03 during midday trading on Wednesday, reaching $28.84. 24,079 shares of the company were exchanged, compared to its average volume of 47,571. WisdomTree Emerging Markets Local Debt Fund has a 1-year low of $27.12 and a 1-year high of $30.29. The stock’s 50-day simple moving average is $28.74 and its 200 day simple moving average is $29.02.

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.