WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD) Sees Large Drop in Short Interest

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

WisdomTree Emerging Markets Local Debt Fund Stock Performance

WisdomTree Emerging Markets Local Debt Fund stock opened at $27.67 on Friday. WisdomTree Emerging Markets Local Debt Fund has a 52-week low of $25.18 and a 52-week high of $30.29. The stock’s 50 day moving average price is $29.33 and its two-hundred day moving average price is $29.04.

Hedge Funds Weigh In On WisdomTree Emerging Markets Local Debt Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vontobel Holding Ltd. raised its stake in WisdomTree Emerging Markets Local Debt Fund by 3.3% during the 4th quarter. Vontobel Holding Ltd. now owns 443,908 shares of the company’s stock worth $12,962,000 after buying an additional 14,045 shares during the period. Bank of America Corp DE grew its stake in WisdomTree Emerging Markets Local Debt Fund by 2.7% in the third quarter. Bank of America Corp DE now owns 247,756 shares of the company’s stock valued at $7,122,000 after acquiring an additional 6,543 shares during the period. Wells Fargo & Company MN increased its holdings in shares of WisdomTree Emerging Markets Local Debt Fund by 6.0% during the fourth quarter. Wells Fargo & Company MN now owns 128,538 shares of the company’s stock valued at $3,753,000 after acquiring an additional 7,314 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of WisdomTree Emerging Markets Local Debt Fund during the second quarter valued at approximately $3,470,000. Finally, Elmwood Wealth Management Inc. raised its position in shares of WisdomTree Emerging Markets Local Debt Fund by 7.0% during the fourth quarter. Elmwood Wealth Management Inc. now owns 120,838 shares of the company’s stock worth $3,528,000 after purchasing an additional 7,885 shares during the period.

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.