Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Stock Price Up 0.5% – Here’s Why

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD)’s stock price rose 0.5% during mid-day trading on Monday . The stock traded as high as $7.25 and last traded at $7.2250. Approximately 92,049 shares traded hands during trading, a decline of 6% from the average daily volume of 98,089 shares. The stock had previously closed at $7.19.

Morgan Stanley Emerging Markets Debt Fund Trading Up 0.5%

The company has a fifty day moving average of $7.31 and a 200-day moving average of $7.45.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 7.8%. The ex-dividend date was Tuesday, March 31st.

Institutional Investors Weigh In On Morgan Stanley Emerging Markets Debt Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp acquired a new stake in shares of Morgan Stanley Emerging Markets Debt Fund in the first quarter valued at about $28,000. Millennium Management LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Debt Fund in the fourth quarter valued at about $83,000. Cetera Investment Advisers acquired a new stake in shares of Morgan Stanley Emerging Markets Debt Fund in the fourth quarter valued at about $85,000. Private Advisor Group LLC grew its position in shares of Morgan Stanley Emerging Markets Debt Fund by 21.6% in the first quarter. Private Advisor Group LLC now owns 12,651 shares of the company’s stock valued at $89,000 after purchasing an additional 2,246 shares during the last quarter. Finally, Evolve Private Wealth LLC acquired a new stake in Morgan Stanley Emerging Markets Debt Fund during the fourth quarter worth about $106,000.

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.