Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) Short Interest Up 94.9% in January

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 374,891 shares, an increase of 94.9% from the January 15th total of 192,370 shares. Based on an average daily trading volume, of 608,339 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 608,339 shares, the days-to-cover ratio is presently 0.6 days.

Morgan Stanley Emerging Markets Domestic Debt Fund Stock Up 0.1%

EDD opened at $6.11 on Friday. Morgan Stanley Emerging Markets Domestic Debt Fund has a 12-month low of $4.28 and a 12-month high of $6.14. The business has a 50 day moving average of $5.70 and a 200-day moving average of $5.47.

Morgan Stanley Emerging Markets Domestic Debt Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Friday, December 19th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 8.5%. This is a positive change from Morgan Stanley Emerging Markets Domestic Debt Fund’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, December 19th.

Institutional Trading of Morgan Stanley Emerging Markets Domestic Debt Fund

Hedge funds have recently modified their holdings of the stock. LPL Financial LLC grew its stake in Morgan Stanley Emerging Markets Domestic Debt Fund by 43.7% in the 4th quarter. LPL Financial LLC now owns 232,093 shares of the investment management company’s stock valued at $1,260,000 after buying an additional 70,578 shares during the last quarter. Fiera Capital Corp grew its position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 23.3% in the fourth quarter. Fiera Capital Corp now owns 513,930 shares of the investment management company’s stock valued at $2,791,000 after purchasing an additional 96,967 shares during the last quarter. Closed End Fund Advisors Inc. bought a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter worth approximately $259,000. Global Retirement Partners LLC bought a new position in shares of Morgan Stanley Emerging Markets Domestic Debt Fund during the fourth quarter worth approximately $50,000. Finally, Nwam LLC lifted its holdings in Morgan Stanley Emerging Markets Domestic Debt Fund by 104.0% during the 4th quarter. Nwam LLC now owns 29,036 shares of the investment management company’s stock worth $170,000 after purchasing an additional 14,800 shares during the last quarter.

About Morgan Stanley Emerging Markets Domestic Debt Fund

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.