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

WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD) saw a significant increase in short interest in 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 shares of the stock are sold short. Based on an average daily volume of 48,450 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On WisdomTree Emerging Markets Local Debt Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ELD. Sound Income Strategies LLC acquired a new position in shares of WisdomTree Emerging Markets Local Debt Fund during the fourth quarter worth approximately $29,000. Osaic Holdings Inc. raised its position in WisdomTree Emerging Markets Local Debt Fund by 2,748.5% in the 2nd 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 last quarter. Harbour Investments Inc. raised its position in WisdomTree Emerging Markets Local Debt Fund by 11.4% in the 4th 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. Gateway Wealth Partners LLC acquired a new position in WisdomTree Emerging Markets Local Debt Fund during the 1st quarter worth $204,000. Finally, Moors & Cabot Inc. boosted its position 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 last quarter.

WisdomTree Emerging Markets Local Debt Fund Stock Performance

Shares of ELD stock remained flat at $28.57 during trading hours on Friday. The stock had a trading volume of 42,114 shares, compared to its average volume of 49,567. WisdomTree Emerging Markets Local Debt Fund has a 12 month low of $27.12 and a 12 month high of $30.29. The company has a 50 day moving average price of $28.80 and a 200-day moving average price of $29.04.

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.