Short Interest in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Decreases By 19.5%


Share on StockTwits

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 188,400 shares, a decrease of 19.5% from the March 31st total of 233,900 shares. Based on an average daily volume of 238,800 shares, the short-interest ratio is currently 0.8 days.

NYSE EDD traded down $0.04 during mid-day trading on Tuesday, reaching $6.04. 341,984 shares of the company’s stock traded hands, compared to its average volume of 230,414. Morgan Stanley Emerging Markets Domestic Debt Fund has a 1-year low of $5.15 and a 1-year high of $6.50. The company has a fifty day simple moving average of $6.04 and a 200-day simple moving average of $6.07.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st were paid a dividend of $0.1025 per share. This represents a $0.41 annualized dividend and a dividend yield of 6.79%. The ex-dividend date was Tuesday, March 30th.

Large investors have recently modified their holdings of the stock. Reby Advisors LLC bought a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the 4th quarter valued at $26,000. Virtu Financial LLC acquired a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter valued at about $67,000. FNY Investment Advisers LLC bought a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter worth about $92,000. National Asset Management Inc. acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund in the fourth quarter worth about $148,000. Finally, Atlantic Union Bankshares Corp bought a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the first quarter valued at about $203,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Company Profile

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc is a closed ended fixed income mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund invests in fixed income markets of emerging market countries across the globe. It typically invests in government bonds denominated in the local currencies of emerging markets.

See Also: What is the formula for the cash asset ratio?

Receive News & Ratings for Morgan Stanley Emerging Markets Domestic Debt Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley Emerging Markets Domestic Debt Fund and related companies with MarketBeat.com's FREE daily email newsletter.