Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Sees Large Drop in Short Interest

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the recipient of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 237,342 shares, a drop of 14.7% from the March 31st total of 278,400 shares. Based on an average daily volume of 468,170 shares, the short-interest ratio is presently 0.5 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Up 0.4%

Shares of NYSE EDD traded up $0.03 during midday trading on Friday, hitting $5.65. The company had a trading volume of 141,781 shares, compared to its average volume of 474,937. Morgan Stanley Emerging Markets Domestic Debt Fund has a twelve month low of $4.81 and a twelve month high of $6.18. The business has a 50-day simple moving average of $5.57 and a two-hundred day simple moving average of $5.58.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 9.9%. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.13. The ex-dividend date was Tuesday, March 31st.

Hedge Funds Weigh In On Morgan Stanley Emerging Markets Domestic Debt Fund

Several hedge funds have recently added to or reduced their stakes in the business. Rareview Capital LLC increased its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 33.9% during the 1st quarter. Rareview Capital LLC now owns 958,773 shares of the investment management company’s stock valued at $4,909,000 after acquiring an additional 242,712 shares in the last quarter. Burford Brothers Inc. purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 1st quarter valued at about $248,000. Kestra Private Wealth Services LLC increased its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 3.7% during the 1st quarter. Kestra Private Wealth Services LLC now owns 87,568 shares of the investment management company’s stock valued at $444,000 after acquiring an additional 3,145 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 44.3% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 93,815 shares of the investment management company’s stock valued at $476,000 after acquiring an additional 28,815 shares in the last quarter. Finally, Corient Private Wealth LLC purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 4th quarter valued at about $217,000.

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.