Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) Sees Significant Drop in Short Interest

Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 32,500 shares, a decline of 41.4% from the March 31st total of 55,500 shares. Based on an average daily volume of 66,700 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Morgan Stanley Emerging Markets Debt Fund

A number of institutional investors have recently bought and sold shares of the company. Advisor Partners II LLC acquired a new position in shares of Morgan Stanley Emerging Markets Debt Fund during the third quarter valued at about $1,920,000. Wealthstar Advisors LLC acquired a new position in shares of Morgan Stanley Emerging Markets Debt Fund during the third quarter valued at about $263,000. Fortitude Family Office LLC acquired a new position in shares of Morgan Stanley Emerging Markets Debt Fund during the fourth quarter valued at about $97,000. MONECO Advisors LLC acquired a new position in shares of Morgan Stanley Emerging Markets Debt Fund during the first quarter valued at about $88,000. Finally, Ironsides Asset Advisors LLC acquired a new position in shares of Morgan Stanley Emerging Markets Debt Fund during the third quarter valued at about $72,000.

Morgan Stanley Emerging Markets Debt Fund Stock Performance

Shares of NYSE MSD traded up $0.06 during midday trading on Friday, reaching $7.01. 9,302 shares of the company were exchanged, compared to its average volume of 69,714. Morgan Stanley Emerging Markets Debt Fund has a one year low of $6.11 and a one year high of $7.48. The stock’s 50-day moving average price is $7.17 and its 200-day moving average price is $6.86.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.84 dividend on an annualized basis and a yield of 11.98%.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund, Inc is a closed ended fixed income fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It primarily invests in debt securities of government and government-related issuers, of entities organized to restructure outstanding debt of such issuers and debt securities of corporate issuers in or organized under the laws of emerging countries.