Short Interest in WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD) Drops By 77.6%

WisdomTree Emerging Markets Local Debt Fund (NYSEARCA:ELD) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 5,298 shares, a drop of 77.6% from the July 15th total of 23,684 shares. Based on an average daily volume of 13,566 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

WisdomTree Emerging Markets Local Debt Fund Trading Down 0.0%

Shares of ELD traded down $0.01 during trading hours on Thursday, reaching $28.83. 11,695 shares of the company traded hands, compared to its average volume of 43,499. WisdomTree Emerging Markets Local Debt Fund has a 12 month low of $27.12 and a 12 month high of $30.29. The company’s fifty day moving average price is $28.71 and its two-hundred day moving average price is $28.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ELD. Foster & Motley Inc. bought a new stake in shares of WisdomTree Emerging Markets Local Debt Fund during the 2nd quarter valued at $9,692,000. Bank of New York Mellon Corp bought a new position in shares of WisdomTree Emerging Markets Local Debt Fund in the 1st quarter worth about $3,118,000. Kestra Advisory Services LLC increased its stake 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 acquiring an additional 93,813 shares in the last quarter. Royal Bank of Canada lifted its position in 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 valued at $2,547,000 after acquiring an additional 62,475 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in WisdomTree Emerging Markets Local Debt Fund during the 4th quarter valued at about $1,246,000.

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.