Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Shares Cross Above 50-Day Moving Average – Should You Sell?

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.45 and traded as high as $5.54. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $5.5350, with a volume of 394,944 shares.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Down 1.6%

The stock has a 50 day moving average of $5.45 and a 200 day moving average of $5.33.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Friday, December 19th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 9.6%. This is a boost from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, December 19th.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

Institutional investors and hedge funds have recently modified their holdings of the business. EP Wealth Advisors LLC acquired a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 1st quarter valued at about $53,000. Nwam LLC acquired a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the second quarter worth about $75,000. Penserra Capital Management LLC lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 3.0% in the second quarter. Penserra Capital Management LLC now owns 1,767,917 shares of the investment management company’s stock worth $9,051,000 after acquiring an additional 52,258 shares during the last quarter. PenderFund Capital Management Ltd. boosted its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 767.0% in the first quarter. PenderFund Capital Management Ltd. now owns 122,646 shares of the investment management company’s stock valued at $576,000 after acquiring an additional 108,500 shares during the period. Finally, Accredited Investor Services LLC bought a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the second quarter valued at approximately $53,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

The Morgan Stanley Emerging Markets Domestic Debt Fund, Inc (NYSE: EDD) is a closed-end management investment company that provides investors with targeted exposure to the debt markets of emerging economies. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation by investing primarily in U.S. dollar-denominated debt securities issued by governments, government-related entities and corporations in emerging markets.

Since its launch in 2005, the fund has pursued a diversified strategy that spans sovereign bonds, quasi-sovereign obligations and corporate credits across regions such as Latin America, Eastern Europe, the Middle East, Africa and Asia.