Morgan Stanley Emerging Markets Domestic Debt Fund (NYSE:EDD) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (NYSE:EDD)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.57 and traded as low as $5.47. Morgan Stanley Emerging Markets Domestic Debt Fund shares last traded at $5.5570, with a volume of 544,473 shares.

Morgan Stanley Emerging Markets Domestic Debt Fund Trading Down 0.1%

The firm has a fifty day simple moving average of $5.84 and a 200 day simple moving average of $5.57.

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

Institutional investors have recently made changes to their positions in the company. Accredited Investor Services LLC lifted its stake 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 during the period. HighTower Advisors LLC increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 0.9% during the 3rd quarter. HighTower Advisors LLC now owns 268,955 shares of the investment management company’s stock valued at $1,447,000 after purchasing an additional 2,307 shares during the period. J.W. Cole Advisors Inc. increased its position in Morgan Stanley Emerging Markets Domestic Debt Fund by 22.3% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,798 shares of the investment management company’s stock valued at $69,000 after purchasing an additional 2,333 shares during the period. Royal Bank of Canada raised its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 1.6% in the 4th quarter. Royal Bank of Canada now owns 181,715 shares of the investment management company’s stock valued at $986,000 after purchasing an additional 2,936 shares in the last quarter. Finally, Cresset Asset Management LLC raised its holdings in shares of Morgan Stanley Emerging Markets Domestic Debt Fund by 3.5% in the 2nd quarter. Cresset Asset Management LLC now owns 91,741 shares of the investment management company’s stock valued at $481,000 after purchasing an additional 3,085 shares in 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.