WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD – Get Free Report) was the target of a significant increase in short interest in 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. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 21,358 shares, the short-interest ratio is currently 0.8 days.
Institutional Investors Weigh In On WisdomTree Emerging Markets Local Debt Fund
A number of institutional investors have recently added to or reduced their stakes in the stock. Foster & Motley Inc. bought a new position in shares of WisdomTree Emerging Markets Local Debt Fund during the second quarter valued at $9,692,000. Bank of New York Mellon Corp bought a new stake in shares of WisdomTree Emerging Markets Local Debt Fund in the 1st quarter worth about $3,118,000. Kestra Advisory Services LLC grew its holdings in shares of WisdomTree Emerging Markets Local Debt Fund by 13,401.9% in the 1st quarter. Kestra Advisory Services LLC now owns 94,513 shares of the company’s stock worth $2,629,000 after purchasing an additional 93,813 shares during the last quarter. Royal Bank of Canada increased its position in shares of WisdomTree Emerging Markets Local Debt Fund by 214.8% during the 1st quarter. Royal Bank of Canada now owns 91,556 shares of the company’s stock worth $2,547,000 after purchasing an additional 62,475 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of WisdomTree Emerging Markets Local Debt Fund during the 4th quarter worth about $1,246,000.
WisdomTree Emerging Markets Local Debt Fund Stock Performance
Shares of ELD stock opened at $28.81 on Friday. The firm has a fifty day moving average of $28.79 and a 200-day moving average of $28.78. WisdomTree Emerging Markets Local Debt Fund has a 52-week low of $27.12 and a 52-week high of $30.29.
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.
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