Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Stock Price Down 1% – What’s Next?

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) fell 1% on Tuesday . The company traded as low as $7.58 and last traded at $7.64. 77,111 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 88,549 shares. The stock had previously closed at $7.72.

Morgan Stanley Emerging Markets Debt Fund Trading Down 1.0%

The company has a 50 day moving average of $7.61 and a 200-day moving average of $7.48.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, December 19th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, December 19th. This represents a $0.60 dividend on an annualized basis and a yield of 7.9%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Kovack Advisors Inc. increased its stake in Morgan Stanley Emerging Markets Debt Fund by 16.4% during the 2nd quarter. Kovack Advisors Inc. now owns 50,252 shares of the company’s stock worth $388,000 after buying an additional 7,095 shares during the period. Everstar Asset Management LLC grew its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 13.2% in the second quarter. Everstar Asset Management LLC now owns 159,889 shares of the company’s stock worth $1,236,000 after acquiring an additional 18,594 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Morgan Stanley Emerging Markets Debt Fund by 1.3% during the second quarter. Ameriprise Financial Inc. now owns 274,912 shares of the company’s stock worth $2,125,000 after acquiring an additional 3,611 shares during the period. Bank of America Corp DE increased its position in shares of Morgan Stanley Emerging Markets Debt Fund by 1.1% during the second quarter. Bank of America Corp DE now owns 174,977 shares of the company’s stock worth $1,353,000 after acquiring an additional 1,904 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of Morgan Stanley Emerging Markets Debt Fund by 4.3% in the second quarter. Osaic Holdings Inc. now owns 551,598 shares of the company’s stock valued at $4,264,000 after acquiring an additional 22,763 shares in the last quarter.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) is a closed-end management investment company that seeks to provide a high level of current income. The fund primarily invests in U.S. dollar-denominated sovereign and corporate debt securities issued by governments and corporations in emerging market countries.

MSD’s investment strategy emphasizes diversification across regions, sectors and issuers. The fund’s portfolio managers use fundamental credit analysis to identify opportunities in markets such as Latin America, Eastern Europe, the Middle East, Africa and Asia.