WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD – Get Free Report) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 10,600 shares, an increase of 212.1% from the April 30th total of 3,396 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 28,134 shares, the short-interest ratio is currently 0.4 days.
WisdomTree Emerging Markets Local Debt Fund Stock Down 0.4%
NYSEARCA ELD opened at $28.62 on Friday. WisdomTree Emerging Markets Local Debt Fund has a 12-month low of $27.10 and a 12-month high of $30.29. The company has a fifty day simple moving average of $28.67 and a two-hundred day simple moving average of $29.05.
Institutional Trading of WisdomTree Emerging Markets Local Debt Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its position 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 acquiring an additional 14,045 shares during the period. Bank of America Corp DE lifted its position in WisdomTree Emerging Markets Local Debt Fund by 3.4% during the 1st quarter. Bank of America Corp DE now owns 292,690 shares of the company’s stock worth $8,143,000 after acquiring an additional 9,581 shares during the period. Wells Fargo & Company MN lifted its position in WisdomTree Emerging Markets Local Debt Fund by 6.0% during the 4th quarter. Wells Fargo & Company MN now owns 128,538 shares of the company’s stock worth $3,753,000 after acquiring an additional 7,314 shares during the period. Elmwood Wealth Management Inc. lifted its position in WisdomTree Emerging Markets Local Debt Fund by 7.0% during the 4th quarter. Elmwood Wealth Management Inc. now owns 120,838 shares of the company’s stock worth $3,528,000 after acquiring an additional 7,885 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in WisdomTree Emerging Markets Local Debt Fund during 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.
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