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

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 192,370 shares, a decrease of 30.0% from the December 31st total of 274,986 shares. Based on an average trading volume of 475,463 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 475,463 shares, the short-interest ratio is currently 0.4 days.

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

Large investors have recently bought and sold shares of the business. Rareview Capital LLC increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 10.6% in the 4th quarter. Rareview Capital LLC now owns 716,061 shares of the investment management company’s stock valued at $3,666,000 after acquiring an additional 68,628 shares during the period. Kestra Private Wealth Services LLC increased its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 5.2% in the 4th quarter. Kestra Private Wealth Services LLC now owns 84,423 shares of the investment management company’s stock valued at $458,000 after purchasing an additional 4,139 shares in the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.9% in the 4th quarter. Evergreen Capital Management LLC now owns 3,441,903 shares of the investment management company’s stock worth $19,131,000 after acquiring an additional 64,943 shares during the period. Shaker Financial Services LLC acquired a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter worth $405,000. Finally, Azzad Asset Management Inc. ADV purchased a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter worth $109,000.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Performance

NYSE:EDD opened at $5.84 on Friday. The firm has a 50-day simple moving average of $5.61 and a 200-day simple moving average of $5.42. Morgan Stanley Emerging Markets Domestic Debt Fund has a one year low of $4.28 and a one year high of $5.94.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Friday, December 19th were paid a $0.13 dividend. This is a boost from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend was Friday, December 19th.

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.