Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) Stock Price Down 1% – Here’s What Happened

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD)’s stock price fell 1% on Tuesday . The company traded as low as $7.58 and last traded at $7.64. 77,111 shares were traded during mid-day trading, a decline of 13% from the average session volume of 88,549 shares. The stock had previously closed at $7.72.

Morgan Stanley Emerging Markets Debt Fund Stock Performance

The stock has a 50-day moving average price of $7.62 and a 200-day moving average price of $7.48.

Morgan Stanley Emerging Markets Debt Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Friday, December 19th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date was Friday, December 19th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Morgan Stanley Emerging Markets Debt Fund in the 4th quarter valued at approximately $2,386,000. Wolverine Asset Management LLC acquired a new position in Morgan Stanley Emerging Markets Debt Fund in the third quarter worth $993,000. Commonwealth Equity Services LLC acquired a new position in Morgan Stanley Emerging Markets Debt Fund in the fourth quarter worth $825,000. Shaker Financial Services LLC bought a new stake in Morgan Stanley Emerging Markets Debt Fund during the third quarter valued at $688,000. Finally, Stifel Financial Corp raised its holdings in shares of Morgan Stanley Emerging Markets Debt Fund by 712.9% during the fourth quarter. Stifel Financial Corp now owns 99,528 shares of the company’s stock worth $736,000 after purchasing an additional 87,285 shares during the period.

About Morgan Stanley Emerging Markets Debt Fund

Morgan Stanley Emerging Markets Debt Fund (NYSE:MSD) is a closed-end management investment company that seeks to provide a high level of current income. The fund primarily invests in U.S. dollar-denominated sovereign and corporate debt securities issued by governments and corporations in emerging market countries.

MSD’s investment strategy emphasizes diversification across regions, sectors and issuers. The fund’s portfolio managers use fundamental credit analysis to identify opportunities in markets such as Latin America, Eastern Europe, the Middle East, Africa and Asia.