Short Interest in Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Drops By 40.1%

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 238,172 shares, a decline of 40.1% from the February 26th total of 397,347 shares. Based on an average daily trading volume, of 724,222 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

A number of hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC purchased a new stake in shares of Morgan Stanley Emerging Markets Domestic Debt Fund in the 4th quarter worth approximately $50,000. Joel Isaacson & Co. LLC purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the third quarter valued at $54,000. J.W. Cole Advisors Inc. purchased a new position in Morgan Stanley Emerging Markets Domestic Debt Fund during the second quarter valued at $54,000. US Bancorp DE bought a new stake in Morgan Stanley Emerging Markets Domestic Debt Fund in the third quarter worth $54,000. Finally, Accredited Investor Services LLC boosted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 21.7% in the third quarter. Accredited Investor Services LLC now owns 12,573 shares of the investment management company’s stock worth $68,000 after acquiring an additional 2,244 shares in the last quarter.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Down 2.2%

Shares of Morgan Stanley Emerging Markets Domestic Debt Fund stock traded down $0.12 during trading on Friday, hitting $5.21. The company’s stock had a trading volume of 501,902 shares, compared to its average volume of 494,241. Morgan Stanley Emerging Markets Domestic Debt Fund has a 52 week low of $4.28 and a 52 week high of $6.18. The company has a fifty day simple moving average of $5.81 and a two-hundred day simple moving average of $5.58.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 10.8%. This is a boost from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, March 31st.

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.