Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)’s stock price crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $5.52 and traded as low as $5.36. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $5.3820, with a volume of 377,498 shares.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Down 3.0%

The business has a fifty day simple moving average of $5.52 and a 200 day simple moving average of $5.66.

Morgan Stanley Emerging Markets Domestic Debt Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, September 30th. This is a negative change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.24. This represents a $0.84 annualized dividend and a dividend yield of 15.6%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EDD. Evergreen Capital Management LLC lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 1.8% in the 3rd quarter. Evergreen Capital Management LLC now owns 3,572,870 shares of the investment management company’s stock valued at $19,539,000 after purchasing an additional 64,392 shares in the last quarter. Rareview Capital LLC grew its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 9.3% during the second quarter. Rareview Capital LLC now owns 1,048,147 shares of the investment management company’s stock worth $6,163,000 after buying an additional 89,374 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.7% during the second quarter. HighTower Advisors LLC now owns 254,694 shares of the investment management company’s stock worth $1,498,000 after buying an additional 4,239 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1,351.5% in the third quarter. Private Advisor Group LLC now owns 218,815 shares of the investment management company’s stock valued at $1,151,000 after buying an additional 203,740 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 8.5% in the first quarter. Cetera Investment Advisers now owns 198,035 shares of the investment management company’s stock valued at $1,004,000 after buying an additional 15,466 shares during the last quarter.

About Morgan Stanley Emerging Markets Domestic Debt Fund

Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE: EDD) is a closed-end investment fund managed by Morgan Stanley Investment Management. The fund seeks to provide investors with current income and long-term capital appreciation by investing primarily in debt securities issued in the currencies of emerging-market countries. Its portfolio may include sovereign bonds, government-related obligations and other fixed-income securities issued by emerging-market governments and entities. Because the fund focuses on domestic-currency debt, its investment results can be affected by interest-rate movements, credit conditions, currency fluctuations and economic or political developments in emerging markets.