Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) Shares Shorted: Short Interest Down 78.7% in September

Western Asset Emerging Markets Debt Fund Inc. (NYSE:EMD) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 30,627 shares, a drop of 78.7% from the September 15th total of 143,715 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 239,281 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Western Asset Emerging Markets Debt Fund

Several institutional investors and hedge funds have recently bought and sold shares of EMD. Bank of America Corp DE bought a new position in Western Asset Emerging Markets Debt Fund in the second quarter valued at approximately $5,670,000. Comprehensive Money Management Services LLC acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the 2nd quarter worth approximately $892,000. Gould Asset Management LLC CA acquired a new position in shares of Western Asset Emerging Markets Debt Fund during the 2nd quarter worth approximately $604,000. NewEdge Advisors LLC raised its stake in shares of Western Asset Emerging Markets Debt Fund by 2.2% during the 1st quarter. NewEdge Advisors LLC now owns 93,448 shares of the company’s stock worth $918,000 after purchasing an additional 2,026 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of Western Asset Emerging Markets Debt Fund by 23.3% during the 1st quarter. Arkadios Wealth Advisors now owns 14,157 shares of the company’s stock worth $139,000 after purchasing an additional 2,673 shares in the last quarter. Institutional investors own 33.05% of the company’s stock.

Western Asset Emerging Markets Debt Fund Trading Down 0.8%

NYSE:EMD traded down $0.07 on Monday, hitting $9.23. 245,201 shares of the company’s stock were exchanged, compared to its average volume of 214,197. The firm has a 50-day moving average price of $10.11 and a 200-day moving average price of $10.38. Western Asset Emerging Markets Debt Fund has a 52 week low of $9.10 and a 52 week high of $11.30.

Western Asset Emerging Markets Debt Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 23rd were given a $0.0950 dividend. This is an increase from Western Asset Emerging Markets Debt Fund’s previous monthly dividend of $0.0330. This represents a $1.14 dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date of this dividend was Wednesday, September 23rd.

Western Asset Emerging Markets Debt Fund Company Profile

Western Asset Emerging Markets Debt Fund (NYSE: EMD) is a closed-end investment fund focused on debt securities issued by governments, government-related entities and companies in emerging-market countries. The fund seeks to provide investors with current income and, to a lesser extent, capital appreciation through an actively managed portfolio of emerging-markets fixed-income investments.

Its investments may include sovereign and quasi-sovereign bonds, corporate debt, local-currency and hard-currency securities, and other fixed-income instruments.